Recently, there has been a rise in fake emails supposedly coming from Germany’s Federal Financial Supervisory Authority (Bafin), targeting thousands of potential investors all over the world. The German regulator released a warning pertaining to these scammer emails.
These emails appear to be circulating on the behalf of Elisabeth Roegele, the BaFIN Vice President. Essentially, they are made to look and read the part using certain special softwares that fraudsters are using.
The recipients of the emails are urged to click on a link in the mail, which they are assuming would lead to a sub page of the BaFIN website. But instead users are redirected to a fraudulent source where shady individuals are attempting to steal personal information from them. This info can later be used to inflict financial damage to users.
The statement from BaFIN recommends users to delete these emails, without even opening them first. The website has provided a guide as to how to identify such emails. Furthermore, users are encouraged to contact the police in case they ever feel like the emails they have received contain links to fraudulent websites.
Scammers might be using BaFIN as their fake source due to the recent Wirecard scandal, which saw the German agency face criticism for allowing such a major sham to happen right under their noses.