There has been a rise in phishing and smishing attempts aimed at loading debit and credit cards onto criminals’ digital wallets. Phishing involves deceiving individuals into revealing sensitive information like login credentials, passwords, PINs, card details, or ID numbers through methods such as fake emails and websites. Smishing, on the other hand, uses text messages, purportedly from trusted entities, to trick people into divulging similar information.
Criminals have recognized that loading a debit or credit card onto a digital wallet mirrors the process of making an online payment using these cards. Both processes necessitate entering card details into an online platform and confirming with a one-time password .Consequently, criminals may send SMS messages requesting a small payment, such as to release a package for pickup. This prompts users to input their card details.
As cybercriminal tactics evolve, consumers must remain vigilant and adopt proactive measures for protection. FNB offers the following safety tips:Fraudsters rely on people acting hastily, due to a sense of panic. Their tactics include threats that your accounts will be blocked or that fraud has been identified and must be stopped immediately. Whatever the scenario, keep in mind that such things will never compel you to give away OTPs, PINs, or passwords.
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