Mozambique Banks Warn of Fraud Prevention Scams as Customers Fall Victim to Cunning Thieves

As Mozambique’s banking industry continues to grow, so do the number of fraud cases reported. To stay ahead of the scammers, Standard Bank has issued a warning to its customers to remain vigilant and take necessary precautions to protect their personal and financial information.

Stay Safe: Tips for Avoiding Fraud

Verify Authenticity

• Do not share personal details or account information via email or phone, even if the communication appears to be from a reputable institution like Standard Bank.
• Verify the authenticity of emails by contacting the bank directly or visiting a branch in person.

Be Cautious with Emails and Attachments

• Avoid clicking on suspicious links or opening unsolicited attachments that may install malware on your device.
• Use anti-virus software and keep it updated to protect against malicious attacks.

Secure Your Passwords

• Create strong passwords using a combination of uppercase and lowercase letters, numbers, and special characters.
• Keep your passwords confidential and avoid using personal information that can be easily guessed.

Protect Your Accounts

• Report any suspicious activity immediately to prevent further damage.
• Do not share sensitive information such as card numbers or PINs with anyone.
• Avoid using the same PIN for multiple accounts, which increases the risk of compromise.

Stay Informed and Report Suspicious Activity

• Stay up-to-date with the latest fraud prevention methods and best practices.
• Report any suspicious activity to your customer helpline 24/7.

Standard Bank’s Customer Helpline

• Available 24/7 to assist customers who may have fallen victim to a scam or suspect that their account has been compromised.
• By taking these precautions, Mozambique’s banking customers can help prevent fraud and keep their personal and financial information safe.