Use a strong password
Using strong, unique passwords is essential for ensuring online financial security. Weak passwords can result in unauthorized access to sensitive data, putting you at risk of financial loss or identity theft.
A secure password comprises over 8 characters, including letters, numbers, and symbols, and should not be easily guessable.
PINS, being 4 digits, need to be random and updated regularly.
For PINS , choose a random set of digits and chnage it every now and then.
Secure Browsing
It is important to ensure that you use secure websites, apps and other online services when doing transactions. Not all websites can be trusted.
For starters, you are recommended to make sure the websites you visit have URLs starting with “HTTPS”. For instance https://google.com indicates that the website you are visiting is secured.
It’s also important not to click on suspicious links that offer extravagant cash prizes or gifts, as they could be a ploy to trick you into opening them.
Identify scams
Scammers come in all shapes and sizes. The typical approach of scams is to impersonate a trusted source to gather information or manipulate the victim into performing a certain task.
Here are some indicators to look out for identifying a potential scam.
1. Asking for personal information. Never disclose your PIN, account details, or photos of your debit/credit card to anyone, as this information can be used to access your funds. No legitimate employee of your bank or telecom network will ask for such information.
2. Poor grammar. Typos in scams are a red flag to look out for. A reputable company will put more effort into their messages than a scammer aiming to make a quick profit.
This is not always the case, as there are meticulous scammers with persuasive skills and good grammar.
3. Unwarranted rush. Scammers often use false urgency, like sending a message claiming your MoMo account is locked and demanding immediate action. Avoid getting caught up in such tactics.
One method to prevent scammers pretending to be employees is to refrain from engaging with them and instead reach out to the company’s verified contact for any questions.
Use tech for good
Despite fraudulent entities using technology for theft, you can use technology for positive purposes.
First, installing antivirus software can help you detect and address malicious applications you may have unknowingly downloaded It’s important to consistently update your device and, most importantly, your banking apps.
Reporting frauds
By reporting fraud, you can help others avoid getting scammed.
You can report fraudsters via these links
MTN MoMo: https://mtn4186.zendesk.com/hc/en-us/articles/4405588071314-How-do-I-report-Mobile-Money-MoMo-fraud
ADB: https://agricbank.com/customer-care/scam-alert/
Ecobank: https://ecobank.com/personal-banking/security-centre/report
UBA: https://www.ubaghana.com/help/
ABSA: https://www.absa.com.gh/security-centre-and-fraud-awareness
It is best to refrain from engaging with them and direct any inquiries to the verified contact of the company.
