Don’t fall victim to cyber crime
Being cyber WYZE may just save you a lot of time and money. Online Fraud is a worldwide problem. Many South Africans have fallen victim to different forms of cyber crimes. Online banking scams account for a significant portion of these types of crime. It’s costing South Africa about R 5.8 billion a year, according to the Center for Strategic and International Studies (CSIS).
Indeed, these unscrupulous cybercriminals are becoming more and more sophisticated in how they trick you into giving them your details. For example, many are now using “spearphishing”, which means that they target users with personalised mailers rather than mass emails.
The banking ombudsman’s annual report for 2014 shows phishing complaints from banking customers have increased from 30% to 45% of all complaints about online banking. So, how do these scams work and how can you protect yourself?
Well, you should be careful which emails you open, never give your password or pin codes to someone else via email or the phone and you should also keep an eye on your text messages. You should also monitor security advisories on your bank’s website, install anti-malware software and don’t access online banking from someone else’s PC.