All about cyber scams

ALONG with the increase in digital financing transactions, there has been an increase in cyber scams targeting e-payment users. Scams that trick you into sharing personal information by phishing emails, SMShing text messages, vishing voice calls, spoofed or fake websites and SIM card upgrades by unauthorized telco agents. In most cases, the scammer poses as a representative of a financial institution, well-known company or telecommunications company, and requests your account information, passwords, one-time passwords, and other personal information. The scammer then uses this information to gain access to your account and make fraudulent transactions.

Other scammers trick you into sending money to accounts that appear valid for transactions that seem legitimate, such as online impostor scams, in which the scammer pretends to be a relative/financial institution representative, potential employer, charity organization, or romantic partner in order to obtain your account details and personal information or to request monetary support; and bogus online sellers, in which the scammer pretends to sell products and services.