Be on the lookout for Phishing this festive season

By Staff writer | 16 Dec 2018 at 14:34hrs
Ensure your cash is safe from phishing this festive season.

You've worked so hard this year to achieve your Next, right? Unfortunately, fraudsters are working just as hard to get to your hard-earned money.

Phishing is an email scam where fraudsters send you an email and claim to be from a reliable organisation, such as a bank or an email service provider.

How does it work?
The email will attempt to trick you into supplying your account information, e.g. asking you to update or validate your account information by clicking on a link or a button in the email.

Once clicked, the link will launch a fake website that resembles a real website.

On the website, you will be asked to share your personal bank account information, such as your username or password for your online banking profile or email account, or even your cellphone number and bank card details.

Should you receive a phone call requesting confidential or Any information that you share on the fake website is captured by the fraudsters and then used to defraud you.

How to identify a Phishing scam:
There's usually a sense of urgency in the email, followed by a threat – the suspension of your bank account – and you are required to respond quickly. This doesn't give you much time to think about the situation or speak to people you trust.

The email states that you have been a victim of fraud, or have received funds, and you need to log in to your accounts 'here' to report the incident and cancel your bank card or give permission to release the sum of money.

You are required to supply your personal and account details via a hyperlink, attachment or icon, provided in the email.

What can you do?

If in doubt, immediately contact the bank's fraud hotline.



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