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Don’t get caught by these banking scams in South Africa
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As times get tougher scammers are becoming more determined and craftier at cheating people out of their money, warns Momentum Metropolitan’s Cyber Security Team, who have issued a cautionary to consumers to be alert to not get taken by scammers.
Globally security experts are seeing up to a 155% increase in certain types of scams. Momentum Metropolitan’s security teams have noted similar increases of scams targeting South Africans.
Financial companies and their clients seem to be particularly in the sights of fraudsters and cyber criminals who target clients by the intercepting their emails, impersonating communications and executing malicious cyber-attacks, most commonly known as phishing.