Bank of Valletta is urging its customers to be vigilant
and alert, to spot the various scams currently being circulated
locally. Scams are fraudulent activities designed to trick
individuals into giving out sensitive financial information such as
bank account numbers, passwords, and card details. At times, these
scams even encourage customers to carry out fraudulent financial
transactions.
Some scams typically involve sending fake text messages (SMSs)
that seem to originate from a legitimate financial institution.
These messages usually contain links leading to a fake website,
where victims are prompted to give out sensitive information. Once
such information is given out, the fraudsters will have access to
account details and passwords and then be able to conduct
fraudulent transactions from customer's accounts.
