HYIPDaily posted a great story on a new HYIP phishing scam that has been introduced to the industry.

The phishing HYIP will instruct you to change your e-gold account security settings to allow automated access to your account from any IP address. Traditionally, e-gold will remember your “home” and “work” IP addresses and only allow those IPs to access the account. Next, a spoofed deposit page will allow the scammer/hacker to aquire your e-gold ID and password. Because of the authorized access from any IP address, the hacker now has complete access to your account.

Two simple precautions you can take to prevent this from happening to you:

1. Always login to your account by manually typing the e-gold.com domain name, and always send e-gold to the HYIP/auto surf through the “Spend” form
2. Never make changes to your security settings just because an HYIP instructs you to do so.

For more on e-gold account security, read my e-gold tutorial or e-gold’s security page.