Electronic Banking Fraud (Internet and Mobile banking)
Electronic Banking and other forms of online fraud happens when the logon
credentials of customers is compromised. Compromise could happen in one or more of the following situation:
This is when your card is lost or stolen and used by a third party to purchase goods
or to remove cash from the card. This can also take place when a dishonest merchant
undertakes unauthorized duplicate transactions on your card.
Card not Present:
This is when a fraudster uses your card details online or over the phone without the card being present.
Your details may have been compromised electronically or obtained by fraudsters who persuade you to disclose them via a phishing email or telephone scam.
This is where your card is fraudulently reproduced in order to use the balance to obtain a financial advantage.