bank accounts

The ombud for banking services is cautioning consumers about a new modus operandi adopted by fraudsters, with the emergence of a scam involving the use of near-field communication technology (NFC). This involves fraudsters using stolen bank card information, such as the card number, expiry date and the CVV number, to make fraudulent purchases via digital wallet. “Unlike with the normal 'card not present' fraud transactions that we are accustomed to where […]