In some cases, you receive an unverified SMS saying that the bank will soon be in touch to update or confirm your details, and then you receive the call.You oblige, providing everything required to access your bank account.You’re asked to update or verify your details.You receive a phone call from someone who says they’re from your bank or pretend to be from UCount and ask for your card details including your OTP to transfer “rewards’ to your credit card.Know that the bank will never ask for your account details, password, PIN, or one-time PIN (OTP) over the phone. It’s becoming more common with the increase in mobile banking. Vishing is when fraudsters ask for your personal and bank account details over the phone. You’re asked to confirm personal or account details via a hyperlink, icon or attachment in an email or over the phone.You’re asked to provide money upfront, for whatever reason, to receive the money or prize.You are promised large sums of money for very little or no effort on your part.You receive the information via a free email address (like Hotmail, Aim, Yahoo or Gmail).You’re given limited time to confirm your details or win the prize, catching you off guard.
What you are offered or promised sounds too good to be true.Ultimately, it’s up to you to stay informed about scams and think twice before sharing your personal details online or over the phone. New types of scams continue to emerge in which fraudsters lure you into providing confidential info – often via email, SMS, phone call, malware or remote access.