Financial Crime World

Here is the rewritten article in markdown format:

MOZAMBIQUE: Financial Institution Security Measures on High Alert to Combat Fraud

In an effort to safeguard its customers from financial fraudsters, Mozambique’s leading financial institutions have implemented a series of security measures aimed at preventing unauthorized access to accounts.

How Fraudsters Operate


According to experts, fraudsters often use tactics such as posing as well-known institutions like Standard Bank to trick victims into divulging personal information or account details. To avoid falling prey to these scams:

  • Do not share any personal or confidential information via email or phone.
  • Be cautious of attachments, hyperlinks, or icons in unsolicited emails, even if they appear to be from a legitimate source.

Enhanced Security Measures


To further enhance security, customers are advised to:

  • Never share personal or confidential details with anyone, regardless of how much information the individual may have about them.
  • Stay alert to misleading websites and always type the URL into their internet browser instead of clicking on hyperlinks supplied.
  • Report any suspected scams or fraud incidents to the financial institution immediately.

Password Protection


To ensure that banking details remain protected:

  • Create strong passwords using a combination of uppercase and lowercase letters, numbers, and special characters.
  • Avoid using known information such as names, places, or common words.
  • Change your password every 30 days.

Protecting Card Numbers and PINs


The institution emphasizes the importance of protecting card numbers, PINs, and ATM PINs by:

  • Never disclosing them to anyone.
  • Changing them regularly.

Customer Responsibility


To ensure a safe and secure banking experience on digital platforms:

  • Stay alert when using your banking login details.
  • Report any suspicious activity to our Customer Helpline at 800 412 412.

By taking these precautions, customers can enjoy a secure and reliable banking experience with the institution.