How it works
This is what happens: You get a call from a scammer posing as an employee of a financial institution. They claim there’s a new way to improve your banking services, you need to update your company information or fraudulent transactions are occurring in your account.
The risk to you
The scammer uses a variety of techniques to win your trust. They might offer to e-mail you a downloadable software and stay on the line to help. They might also tell you that they need your debit card number to stop fraudulent transactions on your account to cancel your card and order a new one, and that you’ll receive a text message as confirmation afterwards. In reality, these techniques will give the scammer access to your personal information (credentials and passwords) so they can carry out fraudulent transactions.
The scammer may persist and:
Good to know
Never provide confidential information over the phone.
How can you protect yourself from this type of scam?
What you can do if you are a victim of a scam like this