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Bank fraud is too rife — these days, watch out for the ‘Post ...

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IN YOUR CORNER

Bank fraud is too rife — these days, watch out for the ‘Post Office’

The message remains the same: never share personal and confidential information with strangers over the phone

Consumer journalist

Bank fraud is rampant, terrifyingly rampant.

The banks have thrown a lot of technology at thwarting the fraudsters; consumers are constantly warned by regulators, the banking ombud and the media about the baddies’ latest modus operandi, and yet people are being scammed in ever increasing numbers.

According to the banking services ombud’s (OBS) 2021 records, the office received and investigated more than 2,880 banking fraud related cases last year — an increase of 7.5% from those of 2020...

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