With the increasing number of bank scammers waiting to steal from your bank account at the very slight opportunity, we have taken time to compile some of the ways you can be scammed from different alternative banking channels including in the banking halls. Here are some of them.
- On Mobile and Internet Banking
With the increasing use of mobile and internet banking, a bank scammer is always waiting to take advantage of the channel to perpetua heinous acts.
The most important instrument in the hands of fraudsters when it comes to online or mobile banking is your password. Make sure your password is well secured and not guessable. Make sure you avoid using details such as your birthdate, wedding anniversary, children or spouse birthdate and so on and let your password remain in your head and do not write it down anywhere.
Once your password is secured and not guessable, then you should ensure your mobile phone, mobile tablets and/or your computers that you use for your banking transactions are well secured. There are features in your mobile phone and tablets that you can use to either freeze or hide your banking application from unauthorized use and if you use a Laptop or a desktop computer, ensure you check the ports on your system for loggers. Loggers may have been plugged to the system to steal your password.
- At The ATM location
This channel is increasingly becoming avenue used by bank scammers for deceiving bank customers who are not conscious of antics of fraudsters.
Some of these fraudsters visits ATM locations with stolen phones and bank details and plead with you to assist them to withdraw cash as they have overshot their daily cash withdrawal limit. And in turns they opt to transfer the equivalent to your bank account. If you obliged them, then you risk your account being frozen with flags of arrest at sight on your bank account few day after, as the original owner of the phone and the account you received the transfer from may have reported a case of robbery to the police.
When using the ATM also ensure you block all persons around you including bank officials from seeing your password as there may be unsuspecting bank scammer masquerading as helpers just waiting to defraud you. Once they get hold of you password, you card may be cloned and your account emptied in days.
If you watch this video you will see also how gadget can be installed on the ATM to steal your bank details
- Your ATM card
You should know that all the numbers on your ATM card including the expiry date is all a bank scammer needs in other to use your card online. So ensure you use you bank card only at secured websites and online when you need to make payments.
Whenever you are at a store using POS or at the ATM location attempting to withdraw cash, do not allow unauthorized access to your ATM card. Do not allow shop attendant take away your card from your sight pretending that the POS is not working or he is looking for network service follow then everywhere they go with your card until they hand it over to you.
- Phone Calls and SMS
This is increasingly becoming common. Scammers pretending to be bank or CBN officials put a call across to you or send text messages asking for various bank details some even request that you call a certain phone number if you don’t want your account blocked. They ask for your BVN and in some cases ask for your card details.
Please note that no bank will call you to request for bank details for any reason. No bank will send SMS requesting that you call another number to regularize your account. If you are in doubt of any of such calls or bank SMS please call your bank customer care lines for confirmation.
Spurious and deceitful bank emails are some of the ways of banks account scammers. They send you emails with links to online banking to regularize or change your password “because your online banking have been compromised” so to avoid your account being blocked you will be requested to change your password urgently.
Please note that no bank will send you emails with links to online banking. If you follow the link you will end up in a pseudo or cloned online banking platform where you bank details is waiting to be stolen.
Also note that most bank emails will have it addressed personally to you the way your name is on the bank data base and not as a SIR or MADAM.
Another way to identify such cloned emails is to attempt to reply to the email, most times the real address of the cloned email will show when you attempt to reply to the bank mail you receive.
- USSD Banking
Unstructured Supplementary Service Data is taking over the alternative banking space because of its connivence and flexibility, so also does it have its own risk. All the scammer needs to have access to your phone number and your password and the maximum daily limit allowed by your bank can be taking out of you account with your bank short code. So ensure your password is fully secured and not guessable. Also ensure you that your phone does not get into the hands of unauthorized persons.
- In The Banking Hall
When you enter the banking hall ensure you go straight to the bank counter to perform you transaction. Do not hand over your bank instrument to unauthorized persons pretending to be bank official and offering you help. They may be fraudsters who entered into the bank premises like a customer but are there to defraud unsuspecting legitimate customers of the bank.