Be warned of the latest phising scam

By Staff Writer
There is a new phishing scam doing the rounds which uses the logos of the Banking Association SA and the SA Revenue Service and the association has warned consumers to guard against this scam.

"The scam invites customers to provide their personal information with a promise of paying compensation to victims of other internet scams promising tax refunds," the Banking Association SA said in a statement.

This compensation was said to come from "The Victims Redress and Compensation Funds (VRCFs)" but the BASA has confimed that the fund does not exist and reiterated that the association has nothing to do with it.

"We call upon all persons to be extra vigilant with their information and to disregard this email and its contents," MD, Cas Coovadi said.

Phishing scams are nothing new - and they do not just relate to people trying to get sensitive bank details. They also include things like the notorious 419 scams and other ‘do data entry from home' scams as well as holiday home and apartment rental scams.

It's important to take a vigilant approach when it comes to doing business online in order to prevent being scammed.

Justmoney.co.za recently put together a helpful article on how to guard yourself against phishing and 419 scams - if you want to know more on the subject or you are unsure about anything read our article about phishing or follow Justmoney.co.za on Twitter.

Remember - a bank will never ask for your private details via e-mail and you should never access a bank link via e-mail - always go directly to the bank's website.

Recent Articles

Featured Should you save or invest your money?

While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.

Read more

Retirement annuities compared – pick the one for you

When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.

Read more

Recent tax changes – how do they affect you?

In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent changes will impact you.

Read more

Claiming from RAF – should you lawyer up?

A claim against the Road Accident Fund (RAF) can take up to five years before settlement. In trying to secure payment faster, should you appoint a lawyer rather than approaching the RAF directly?

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save R100 when you buy a tracker at Takealot

Price: R289
When: Daily
Where: Online

Pamper yourself and partner for less at Bakwena Day Spa

Price: From R999
When: Until 31 July
Where: Hartbeespoort

Pay only R35 for the new Nandos Boujee Bowl

Price: R35
When: Daily
Where: Nationwide