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Online Banking Security Risks Exposed in Dominica
Warning: Scammers on the Loose
Residents of Dominica are being warned about the risks of online banking security breaches in the country. Scammers are using phishing emails, vishing phone calls, and fake websites to trick people into disclosing their passwords and personal details.
How Fraudsters Operate
According to experts, fraudsters can use viruses or spyware to gain access to a person’s bank account and other personal information stored on their computer. This can lead to identity theft and financial loss.
Precautions to Avoid Falling Prey
To avoid falling prey to these scams, the public is advised to:
- Never disclose sensitive information such as passwords or PINs in response to emails, phone calls, or letters purporting to be from banks or financial institutions. Banks will never ask for such information over the phone or via email.
- Ensure you are using a secure internet connection when accessing online banking services. Look for “https” at the beginning of the address and a padlock symbol in the browser frame.
Additional Security Measures
To add an extra layer of security, individuals should:
- Use strong passwords and PINs that are unique to each website.
- Avoid writing down or storing passwords and PINs on computers or mobile devices.
- Install effective antivirus and antispyware software.
- Set up dual authority with the bank for large transactions.
Other Important Precautions
It’s also crucial to:
- Check the website address carefully for any subtle misspellings or irregularities. Only visit bank websites by entering the correct address into your browser or using a bookmark created earlier.
- Be aware of “shoulder surfers” who may try to view your screen while you’re conducting online banking.
What to Do if You Suspect Fraud
If you suspect your account has been compromised, contact your bank immediately. Additionally, it’s recommended to:
- Switch off paper statements and register for online banking with mobile alerts to stay informed about any unusual transactions.
- Keep software updated.
- Avoid using public computers for online banking.
Conclusion
The public is advised to take these precautions seriously to protect their online banking security and prevent potential fraud. By being aware of the risks and taking steps to secure your online activities, you can enjoy safe and secure online banking in Dominica.