As the holiday shopping season begins in November, there is also a rise in cybercrimes. FNB's Chris Boxall advises shoppers to be vigilant against phishing and smishing scams targeting digital wallets. With the increase in online shopping, it is crucial for consumers to prioritize their safety.
As November ushers in the start of the holiday shopping and spending season, it also unfortunately signals an increase in cybercrimes. As a result, it is critical for shoppers to be extra vigilant to avoid falling victim to fraudsters.
“The number of South Africans who choose the convenience of online shopping to avoid queues has increased significantly over the years, and with cybercriminals becoming increasingly sophisticated in their attempts, it is crucial to ensure that safety remains top of mind when shopping,” he says. “FNB further encourages its customers to use its Virtual Cards for safer online payments and to approve online purchases through the FNB App. The Card Verification Value security number on FNB Virtual Cards changes every hour, providing an extra layer of protection for customers. FNB also covers online purchases made using FNB and RMB Private Bank Virtual Cards with complimentary Purchase Protect insurance.
The most important piece of advice that Boxall gives is to Immediately report suspected fraud. When transacting, consumers should always exercise caution to protect themselves from possible fraud. This can help prevent financial losses and the compromise of one’s financial and personal information.
HOLIDAY SHOPPING CYBERCRIME DIGITAL WALLETS PHISHING SMISHING
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