Financial Literacy:
Tip 1 – Fraud Awareness

Red dragon encircles a glowing digital portal, surrounded by labels for phishing emails and fake links as cybersecurity icons swirl around.

Faud is getting smarter. So should you. 🔐
Over the past year, 67% of businesses reported an increase in fraud attempts.
That’s a 7% increase from last year.
With the help of AI and automation, bad actors can now launch more attacks, faster, and make them look more real than ever.

 

The most common types of fraud today:

  • Fake identities (44%), using made up or stolen details to open accounts
  • Account takeovers (42%), gaining access to your account
  • Payment scams (37%), tricking you into sending money yourself

 

Real life examples you should recognise:

  • A message asking you to “confirm your details” through a link
  • A call asking for your OTP to “complete verification”
  • An email with an attachment you must open urgently
  • A request to send money to “protect” your account

They don’t break the system.
They trick you into opening the door.

 

What makes scams work?

  • They create urgency
  • They look familiar
  • They sound professional

 

And most importantly:
They make you act before you think.
So what should you do?
👉 Pause
👉 Don’t click
👉 Don’t share anything

Because once information is shared, it can’t be taken back.

 

Security reminder:

  • ECOMMBX will never ask for passwords, OTPs, card details, or funds via email, SMS, or phone.
  • We will never ask you to click links or open attachments.
  • We communicate only through official channels and www.ecommbx.com
  • If in doubt, do not respond, contact your dedicated account manager directly.

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