Thursday 12 January 2023

Five banking scams to watch out for

Banking online can be fraught with danger, with criminals creating apps and impersonating banks to steal people's money.

One of the most notable was a fake app called 2FA Authenticator on Google Play. This app appeared to be entirely legitimate but in the background it disabled system security checks on victims’ devices and secretly installed malware that stole login details. Another dangerous scam saw fraudsters spoof their caller ID to match banks and steal money via calls and texts.

Here are five banking scams to watch out for and how to avoid them.

Protect yourself from banking scams

Hackers Can Steal Your Number: Here's How to Fight Back (SIM Swap Scam)

Sim swapping, also known as SIM hijacking or SIM splitting, is a sneaky way hackers can steal your money and personal information. Here'...