Fraudulent Transactions in Banking Industry Rock Switzerland, SNB Warns Citizens

The Swiss National Bank (SNB) has issued a stern warning to citizens after being targeted by fraudulent emails and phone calls that impersonate its officials. Scammers are increasingly using the name, lettering, and address of the institution in their attempts to deceive unsuspecting victims.

How the Fraud Works

Fraudsters pose as SNB employees, contacting individuals through email or phone call, claiming that a payment is due or that there is an outstanding credit balance waiting to be paid out. To facilitate the “payment” process, they demand prepayment of a fee or disclosure of personal information such as:

• Address
• Date of birth
• Bank connection
• Telephone or fax number

Protect Yourself

The SNB emphasizes that it does not maintain direct customer relationships with private individuals and companies that are non-banks, nor does it provide financial services. Therefore, any requests for money transfers or personal data disclosure should be treated with extreme caution.

What to Do If You’re a Victim of Fraud

If you believe you have fallen victim to fraud, contact the relevant criminal authority immediately. The SNB is working closely with law enforcement agencies to combat these types of scams and protect its citizens from financial losses.

Remember: always be vigilant against these schemes and never disclose personal information or pay fees in response to unsolicited requests. Stay safe and informed!