Guiding consumers since 2009

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 Work from home, have meetings at restaurants – the new normal?

With companies moving from static office spaces to working remotely, meetings have predominantly been held online. However, some companies have turned their attention to meeting at variable locations, such as restaurants or hotel conference rooms.

Is a home loan a great savings tool?

There are many saving and investment options available to consumers. What you decide to use is dependent on your circumstances. But should you make your home loan your choice of a savings vehicle and how does that exactly work?

Everything you should know about tax auto assessment

In 2019, the South African Revenue Service (SARS) launched a system, which was dubbed an “auto assessment”, to assist taxpayers with their annual tax returns. But what does this system entail, and how will it impact you?

What does it mean to be a registered Financial Services Provider?

You may have noticed that financial institutions state that they’re registered Financial Services Providers (FSP). But what does this actually mean, and how does this benefit you as a consumer?

Deals

Earn up to 50% of your tax return submission fee back in eBucks

Price: Available on request
When: Daily
Where: Nationwide

Be part of the Belly Of The Beast Weekday Spring Special Lunch

Price: R350
When: From 23 September 2020
Where: Cape Town

Tony’s Roma Breakfast Special

Price: R39
When: Daily
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions