Customers of all banks are at risk. Beware of these types of calls.

Warning: New Banking Scam Preying on Victims in Northern Europe

A new banking scam is on the rise in Northern Europe, with criminals posing as bank representatives to deceive unsuspecting victims.
OP Bank, one of Finland’s largest financial institutions, recently issued a warning about this fraudulent scheme.
However, the scam has been prevalent in Italy and other parts of Europe for some time.

How the Scam Works and Who Is at Risk

Scammers typically impersonate bank employees, authorities, or other organizations during phone calls, aiming to provoke an immediate response from the victim.
They might claim that unusual activities have been detected in the victim’s account or that a loan has been requested in the victim’s name.
The ultimate goal is to obtain the victim’s online banking credentials or convince them to transfer funds to a fake “security account,” which actually funnels the money into the scammers’ hands.

In some cases, scammers initially reach out to potential victims via SMS, prompting them to call a provided number.
It’s crucial to note that banks, both domestic and international, never request clients to disclose their account login credentials or initiate payments over the phone.

Protect Yourself from Banking Scams

It’s essential to remain vigilant and follow these six golden rules to safeguard against banking fraud:

1) Avoid accessing your online banking service through links or search engines.
Manually enter the bank’s website address in your browser’s address bar to prevent falling prey to fraudulent links.
2) Verify the website address to ensure you’re on the official bank’s site before entering your credentials.
Avoid sharing sensitive information on unverified websites.
3) Keep your passwords confidential.
Banks never ask for credential sharing via SMS, phone, or email.
4) Refrain from opening email or SMS attachments purportedly from your bank.
Confirm the authenticity of attachments by contacting your bank’s customer service.
5) Never install programs on your device as per a stranger’s request.
Download necessary software only from your device’s app store.
6) Seek clarification when in doubt.
Contact your bank immediately if you encounter suspicious messages, unusual login processes, or any other dubious banking activities.

Remember, cybersecurity is a collective responsibility.
Share these tips with your friends and family to enhance overall awareness and protection against financial scams.
Stay informed and stay safe!

Author: Hermes A.I.

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