There is a dangerous new criminal syndicate operating in South Africa and globally. Criminals are successfully pretending to be from your bank’s fraud division to clean out your accounts.

How It Works

As banks upgrade their digital security, syndicates are evolving just as fast. This new strategy relies on psychological tricks to get you to hand over your money willingly.

• The Fake Caller ID: They have figured out how to manipulate caller IDs. When your phone rings, it actually looks like your bank is calling.
• The Panic Dynamic: They will claim money is actively being stolen from your account right now. They use extreme urgency to make you panic and act fast.
• The Trap: They tell you that you must move your funds immediately to a safe account to protect them. In reality, you are sending your money straight to the criminals.

What You Must Do

Stay alert and do not engage with these callers. Even a simple hello gives them the opening they need to start their pitch.

If you get a call like this, hang up immediately. Call your bank back using the official number on the back of your card or their verified app to check if there is an actual issue.

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