Beware of online fraud

2015-06-25 06:00

CRIMINALS want access to your online facilities to steal your money and will use any number of tactics to access your confidential information, warns South African Banking Risk Information Centre (SABRIC).

Criminals often use phishing to trick you into disclosing your personal information such as user names, passwords, credit card details and cellphone numbers. They sometimes request your one time password (OTP) that will be sent to your cellphone, warns SABRIC. They do this by sending e-mails that look as though they come from trusted sources, such as banks or legitimate companies. These mails entice the recipient to respond by clicking on a hyperlink. When clicking on the hyperlink, you will be diverted to a fraudulent website under the control of the criminal and any information that you enter on this page like your user name and passwords for your banking profiles and cellphone numbers, will be sent to the criminals.

To minimise the risk of being a victim, consumers should take note of the following:

Do not click on links in unsolicited e-mails and delete them immediately. If you need to access your bank’s webpage, type in the URL for your bank in the internet browser. Never click on a link to take you to your bank’s website. Make sure you are not on a spoof site by clicking on the security icon on your browser tool bar to ensure that the URL begins with https rather than http. If you think that you might have compromised yourself, report it to your bank immediately.

Should you realise you have responded to a phishing mail, change your internet banking credentials immediately and advise your bank.

Register for SMS notifications so you can be alerted to any money moving from your bank account, real time.

Register for SMS notifications so you can be alerted to money moving from your account

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