Times might be tough, but don’t fall for these scams

FRAUDSTERS and fly-by-nights appear to be taking advantage of consumers’ financial vulnerabilities during the Covid-19 pandemic, because several agencies and financial services companies are warning of a higher incidence of various types of scams.

Last year, a TransUnion survey revealed that 38% of South African consumers had been a target of digital fraud related to Covid-19, with 5% having lost money.

There are essentially two types of financial fraud: those in which a fraudster actively targets you, by, for example “phishing” for your personal