Kevin Hogan, Head of Fraud Risk at Investec, provides valuable insights on protecting your finances and preventing fraud during the holiday season, specifically Black Friday.
Key Points on preventing fraud during Black Friday and the holiday season:
Recommends using virtual cards for online shopping instead of physical plastic cards for improved security.
Create robust passwords on devices to deter unauthorized access, especially in theft or kidnapping situations.
Phishing telephone fraud, where scammers impersonate bank representatives to acquire sensitive information.
Be cautious of unsolicited calls or messages.
Do not store sensitive data on devices; contact the bank promptly to block accounts and SIM cards if stolen.
In kidnapping situations, prioritize personal safety over financial considerations.
Safety tips to stay secure during travel.
Overall, Kevin's advice focuses on enhancing personal security measures, using technology wisely, and remaining vigilant to combat various forms of fraud and criminal activities.
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