Social media platforms, such as WhatsApp, have in recent months become a breeding ground for money scams, with fraudsters taking over people’s accounts to solicit money from their contacts.
Jeannie Naudé Viljoen, general counsel at TransUnion, says consumers can take back control by being cautious of the type of links they open and sites they visit. If you are approached by a person who appears to be a contact asking you to send them money, think twice before parting with your hard-earned money, Naudé Viljoen says.
“If you realise you have been scammed you must report it to the bank’s fraud hotline immediately. At Absa, we can chase and recover the funds if it’s still in the financial system,” he says. Remember to keep your personal information protected at all times so as not to give fraudsters access to other accounts or allow them to apply for credit in your name.
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