How to Avoid Online Banking and Push Payment Scams

In this episode, Robin explores the alarming rise of online banking and push payment scams. As technology evolves, scammers are becoming increasingly sophisticated, exploiting human psychology and digital vulnerabilities. Tune in to learn actionable strategies for protecting your hard-earned money and avoiding common traps.

Key Topics Covered:

1. Understanding Online Banking Risks

Discover how the transition to online banking and app-based platforms has created new vulnerabilities, especially for small business owners.

2. Phishing Scams: How to Spot and Avoid Them

Learn to identify phishing emails, text messages, and WhatsApp scams. Find out the red flags—like typos, fake links, and urgent calls to action—that scammers use to trick you.

3. The Anatomy of Push Payment Scams

Delve into how scammers use stolen credentials, spoofed phone numbers, and psychological tactics to pressure victims into authorizing fraudulent transactions.

4. Practical Tips to Protect Your Money

• Never share your two-factor authentication (2FA) codes.
• Always verify suspicious calls by independently contacting your bank.
• Spread funds across multiple accounts to limit potential losses.
• Keep banking apps installed and updated for secure access.

5. Your Rights and What to Do If You’re Scammed

Find out how to report fraud, seek refunds, and approach financial ombudsmen if you've fallen victim to a scam.

6. Why Financial Institutions Need to Step Up

A call to action for banks like Revolut to enhance consumer protection measures and take responsibility for securing digital banking systems.

Your Input Matters Have you been a victim of a scam or found creative ways to stay safe? Share your experiences in the comments to help others protect themselves.

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