Be aware of downloading counterfeit banking apps or accessing fraudulent websites that mimic legitimate financial institutions. Download apps directly from official app stores and verify website URLs.
Identify secure banking apps and legitimate websites by checking for HTTPS encryption, official logos, and avoiding unsecured or suspicious links.
Scammers create fake banking websites or mobile apps that look genuine but are designed to trick users into entering their login details. Unsuspecting users may provide sensitive information, thinking they are accessing their real banking platform.
Peer 2 Peer Applications (E.g PayPal, Google Pay)
Personal Banking Threats with P2P Apps:
Scammers may exploit the trust-based nature of P2P apps by manipulating individuals into sending money for fraudulent goods/services or posing as acquaintances in need of financial assistance.
Keep your P2P app updated to the latest version and ensure your device has adequate security measures, such as antivirus software, to protect against potential cyber threats.
If you receive a request for money, particularly from someone claiming to be a friend or family member, verify their identity through a separate, secure communication channel (like a phone call) before proceeding with the transaction.