Fraudsters often impersonate legitimate financial service providers through various channels making it essential for individuals to be wary about sharing personal information.
As the festive season approaches, a time when many of us feel relaxed and joyful, fraudsters are ramping up their efforts to exploit unwitting victims.
Govender shares tips to help investors protect their personal information and avoid falling prey to common scams.According to Govender, fraudsters impersonate financial service providers and other legitimate organisations in an attempt to get personal information using SMSes, fake websites, emails and phone calls.As a rule of thumb, you should be mindful of sharing your personal information, password and one-time passwords especially if you did not initiate the interaction.
Enable banking notifications that alert you to payments made from your account and immediately report any OTPs you did not request as well as fraudulent activity to your bank. Govender said that you should be wary of anyone who approaches you with an opportunity to generate high returns on an investment in a short period
Season Financial Sector Conduct Authority Festive Fraud Scam Advice Phishing Scammers
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