CYBERSECURITY: THERE ARE MULTIPLE WAYS CONSUMERS CAN PROTECT THEMSELVES
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.
Many South Africans recently contacted a popular Johannesburg radio station reporting increased attempts at banking fraud, with scammers sometimes becoming increasingly aggressive and convincing.
"It is essential to know how to spot a scam and what measures you have available to prevent you becoming a victim," said Roy Retief, head of operations at the SA Fraud Prevention Service (SAFPS).
Impersonation fraud
When it comes to banking scams, scammers constantly devise new methods to steal from their victims, but most common scams follow a formula.
"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." Scammers are often tech-savvy and can remotely access a victim's compromised mobile device, triggering a technical issue to create a panic, Retief said.
This story is from the September 02, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 02, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
US blamed for expo row
Analysts warn exclusion could have dire consequences for SA down the line.
4900 visas for critical skills jobs
South Africa has a list of almost 150 jobs considered by the department of employment and labour (DEL) to be in short supply.
Nsfas to decentralise
Department welcomes move, plans to set up regional, satellite offices.
Lawsuits cost health billions
Investigations stop R3 billion in fraudulent claims, parliament hears.
City face Inter reunion
Manchester City are braced for their Champions League reunion with Inter Milan at the start of an expanded tournament that will be \"so tough\" for the 2023 winners.
League Cup no inconvenience
Manchester United manager Erik ten Hag insisted he still believed English football's League Cup remained a \"significant\" competition.
State of rates in Africa
Africa’s largest economies to make changes for first time in years.
RAF not about to 'implode'
»» Improvements not sustainable without legislative changes, says Letsoalo.
Can Superbalist grow?
Shein overtakes the SA retailer, while Bash is different kind of threat.
Crochet gets sex appeal
100% cotton yarn garments do not loose shape ina cold wash.