Guard your mailA local bank has warned customers of a new method whereby scammers try to borrow from micro-lenders with stolen records. Swindlers steal data for cash-loans 0 Bank Windhoek yesterday warned that fraudsters are borrowing money from micro-lenders using other people’s falsified information.“This is a well-known method used by fraudsters. They obtain your original bank statements, and then photocopy your bank details on to a falsified template,” says Johnny Truter, forensic services manager at Bank Windhoek.
“These individuals would then approach micro-lending agencies to obtain loans, or stores to obtain credit in your name,” he warns.
“Not only is this identity theft, but it will also have an influence on your credit record when micro-lenders or stores obtain judgement against you for non-payment - this while the client is unaware of the fraud committed in their name.”
Truter advised people to be careful who they provide personal financial information to, particularly in the case of bank statements.
In order to protect your information, he suggests keeping all bank statements, tax forms, receipts and other documents in a central location instead of in random places around the home. Such place should ideally be a fireproof safe or cabinet.
Another easy habit to form, he says, is filing new receipts and paperwork immediately rather than leaving them lying around.
“Immediately inform financial service providers like banks, insurers, investment companies and asset managers when personal particulars have changed, especially a post-office box number, to prevent mail with personal financial information, like bank statements, falling into the wrong hands,” Truter advises.
When using email to conduct financial affairs, he recommends that users remain aware of the risks involved.
DENVER ISAACS