ARCHIVE: March 2022
Banking fraud prevention tips
“There are so many banking scams these days. What can I do to avoid them?”
“Spend all your money first” is definitely not the right answer.
Jokes aside, we interviewed Gamuda Berhad Information Security Manager, Victor Ho for advice. With more than 18 years of experience in the banking industry, he recommended sticking to these basic rules – always be vigilant, think twice and verify every request that comes to you.
The convenience of internet banking services today comes with its own security risks. It has become a menace of modern life to receive fraudulent emails, SMS phishing (smishing) and voice phishing (vishing) that attempt to steal your sensitive account information. The rapid change of communication channels over the years and uncertainty brought by the COVID-19 pandemic has also exacerbated the problem.
Here are some of the frequently asked questions on fraud prevention that you should know:
At the end of the day, the best fraud prevention still requires cooperation and awareness from the users to follow good practices when they perform online transactions. Always adhere to these basic security practices.