HERE WE BREAK DOWN SOME COMMON SCAMS:
Fraudsters duplicate your card details using skimming devices placed into the ATM card slot, swipe machine or hand-held device. They capture your details stored in the card’s magnetic stripe while you make your transaction, and use that to defraud you in different ways.
TIPS TO AVOID CARD SKIMMING
■ Never let your card out of sight when you transact ■ Insist that the POS (point-of-sale) devices are brought to you ■ Ensure you get your own card back after every transaction ■ Sign up for My Updates to get your notifications of bank transactions WARNING: Enquire with your bank if you notice any suspicious transactions.
Pronounced “fishing”, it involves criminals fishing for your info - hoping you’ll take the bait. Criminals use fake links on websites or emails to trick you into giving out your details. Never click on an internet banking login link in an email or SMS. Your bank will never ask you to login to verify any information or authorise payments via email or SMS.
TIPS TO AVOID PHISHING
■ Watch out for emails that create a false sense of urgency forcing you to act quickly - less time to think it through ■ Be mindful of emails sent from an unusual sender ■ Don’t fall victim to calls asking you to confirm banking details over the phone or via email WARNING: Consider it a red flag if anybody asks for your PIN or banking details, unless you’re at a bank