Phishing is a method of deceitfully obtaining personal information such as passwords, identity numbers, credit card details and sometimes, indirectly, money. Perpetrators might call you or send e-mails that appear to be from trusted sources such as banks, other financial institutions or legitimate companies.
Typically, phishing e-mails request that users obtain, verify or update contact details or other sensitive financial information by clicking on a link in the e-mail that directs users to a spoofed website (a website designed by criminals to fool users into thinking that it is legitimate).
Tips to Avoid Becoming a Victim of Phishing Scams
Only provide your credit card details to reputable companies when you transact on-line.
Please note that there is a phishing e-mail going around using the Sasfin name. The email below is an example of what is being sent to clients and to random members of the public. Please do not respond to the e-mail or click on any attachment or link.
Subject: Withdrawal Alert Notification.
Dear Sasfin Client,
R32,500 have been withdrawn from your Sasfin Business Bank Account.
Please find below the attached file for your Payment Confirmation records.
At Sasfin, we care about your Business Banking, Capital, Treasury, Wealth Management and Commercial Solutions.
More and more South Africans are losing money due to fraud and other crimes. Perpetrators target their victims indiscriminately to make easy money at every opportunity. While some of these scams are easily identifiable, others are cleverly executed and require close scrutiny before they can be detected.
The theft of personal information, otherwise known as Identity Theft, is one of the leading contributors to a successful fraud. The consequences of your identity being compromised can be far-reaching and sometimes costly to remedy.
What can criminals do with your personal information?
It can be used by criminals to assume your identity and to acquire retail or bank accounts, or even defraud your insurance, medical aid or Unemployment Insurance Fund. Fraudsters will use your details to impersonate you and attempt to transact on your accounts.
What is personal information?
What is a 419 Scam?
A letter/fax/e-mail is sent to a selected recipient (but in actual fact is sent to many recipients) making an offer that would result in a large pay off for the recipient (“victim”). The details vary and large amounts of money are usually involved. Whilst a vast majority of recipients do not respond to these requests, a very small percentage does, enough to make the fraud worthwhile. Invariably, the victims’ banking details as well as sums of money are said to be required in advance in order to facilitate the payment of the funds. Essentially, the promised money transfer never happens and in addition the fraudsters may use the victims’ banking details to withdraw money for themselves.
Some indications that this could be a 419 Scam:
General trademarks of a 419 Scam:
What should you do when you receive a 419 Scam?
Please note: Sasfin’s name is being used fraudulently in a 419 scam
Allowing proceeds of crime to be laundered through your Bank account, knowingly or unknowingly, is a criminal offence. Safeguard yourself from being involved in a serious criminal offence by following these tips:
Sasfin is committed to the highest standards of ethical, moral and legal business conduct. Ethical business behaviour is the responsibility of every person in Sasfin and forms an integral part of our relationship with our customers, suppliers, shareholders and other stakeholders.
We have a ‘zero tolerance’ approach towards fraud and will investigate every incident thoroughly.
Please report suspected fraud or any unethical behaviour to the dedicated lines below:
Sasfin has chosen to outsource the management of the Whistleblowing Line to an independent external service provider.
Anonymous tip-offs can be made as follows:
Fraud Risk Department
Tel: +27 11 531 9215 or +27 11 809 7500 (office hours)
Email address: firstname.lastname@example.org