It seems that every criminal in town is after stealing your money and prepared to use any means possible to do just that in banking scams.
It seems every criminal in town is trying to steal your money and prepared to use any means possible to do just that in banking scams.Banking scams are still increasing despite extra measures to protect banking clients, but there are steps consumers can take to add to the layer of protection. With the end of the year and the festive season fast approaching, scammers are licking their lips in anticipation of taking advantage of increased shopping activity.
“In line with the gravitation towards online banking, many scammers will phone their potential victims, posing as a bank representative and tell them they need to perform an important action on their online banking profile.” Banks all over the world and in South Africa are seeing an increasing trend in scams. “Fraudsters are manipulating and coercing customers into making payments to them, bypassing bank controls,” Maseti warns.
Consumers must remain vigilant and aware that they are ultimately responsible for any transactions that take place on their accounts, no matter how convincing the scammer is.Ignoring any SMS or email notification that asks you to follow a link and provide your username and passwordnot letting your browser save your banking passwords
installing a reputable anti-malware solution on your device to detect and block signs of malicious activity. Remember to keep the software updated to ensure maximum effectiveness
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