The CBN – Central Bank of Nigeria, have been really concerned about these fraudulent habits.
In a recent report by the Nigeria Inter-Bank Settlement System PLC, it was announced that for close to nine months.
A fake bank alert, also known as ‘alert flashing‘, has become a major source of concern to bank customers, and involves the use of SMS messages to show proof of funds that were not sent.
The successful fraudulent attack represents a 91% successful rate, which accounts to a N5.2 billion lost to bank customers.
According to a research carried out by NIBSS, the data shows that a lot of bank customers fall victim to fraudsters through the following ways.
● ATMs
● Point of Sale (POS)
● Mobile Channels
People have always asked what information do fraudsters need.
In most cases the stated fake alert that is sent to either an Email address or as a text message is a fast way for fraud to be perpetrated.
In recent reports by the Nigerian Tribune, there are certain apps these criminals utilize to carry out their activities.
Also read: Xiaomi Introduces The New Redmi Note 12 Series
In this article we have highlighted a number of ways that will help you not fall victim to these activities.
Please follow the guide properly on how to know fake bank alerts , it will save you a lot of stress
● Check for misspellings.
● Check the credit alert, you received, if it’s from your bank, it will notify you on how much you have before and after the alert
● Ensure to check if the mobile app used is legitimate and authentic
● Be informed about how much is in your account, and if you get an email alert, try to check the email source and ensure it comes from your bank’s official account.
Hoping this article helps you avoid fraudulent activities and makes you more financially wise.