Thousands of Nigerians are victims of online fraud every year.
According to the Nigeria Inter-Bank Settlement System(NIBSS) industry fraud report in Q3 of 2020, fraudsters launched 46,126 attacks, and 41,979 of them were successful. The internet was one of the most popular channels for these fraud attempts, with a 173 percent rise over the previous year.
If you are wondering why the internet is such a popular place for scams, this is because It’s quite difficult to keep up with tactics used by these fraudsters who are always modifying their ways to stay one step ahead of their target.
However, there are a few easy but important precautions you can take to safeguard yourself from online fraud.
Here are 5 tips on how to stay safe from online scams.
1. Keep your Personal and Financial Information safe
Don’t give out your personal or financial information in response to an unexpected request for your personal information, such as your account number, ATM card number, PIN, CVV, BVN, or account balance, whether it’s over the phone, by mail, email, in person, or on a social networking site.
2. Stay Alert
To mislead you, fraudsters can call in pretending to be your account officer or construct a website, social media, or email account that looks identical to your financial partner, so you have to always be alert.
For the record, our digital channels are listed below.
3. Talk to Someone you Trust When in Doubt
If you get a phone call, email, or text message from a company you do business with and you are in doubt, talk to someone you can trust. It’s possible that talking about it will help you recognize it’s a scam.
4. Be Careful When Shopping Online
Always use an online shopping service that you know and trust when shopping online. Be wary of deals that appear too good to be true; some of these fraudsters may market valuable things at low prices to catch your interest.
5. Carefully Create your Passwords
Choose passwords that are difficult to guess by anyone but easy for you to remember, and change them frequently. A strong password should consist of upper and lower case characters, digits, and symbols. Use different passwords for different accounts/profiles, and don’t share your passwords with anyone.
Anyone can get scammed online. This is why it is essential to exercise caution when using the internet to prevent being a victim of an online scam.
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