Business Reporter THE Bank of Namibia has said that it is concerned about the escalation in the number of fraudulent investment scam activities, targeting and using references to the Government, its Ministries, Offices, and Agencies. The Bank has identified fraudulent investment scam activities, offering unsolicited financial assistance to fund Namibia’s developmental initiatives, with perpetrators applying...
Martin Endjala The Bank of Namibia (BoN) has raised serious concerns over the surge in fraudulent investment schemes, which falsely claim government affiliations to lure victims. These scams often target senior public figures, high-ranking officials, politicians, and civil servants with promises of substantial financial assistance for Namibia’s development projects. Governor Johannes !Gawaxab emphasized the sophisticated...
Staff Reporter WINDHOEK, December 4 — In the past, bank robberies were brazen, employing weapons and physical intimidation to instil fear in staff, security guards, and customers at the branch. Timing was strategic, often occurring on the last day of the month when cash levels were high, and the branch was busy with check cashing....
Social engineering attacks such as phishing and scamming are on the increase in Namibia, as many people continue to fall prey to psychological manipulation by being tricked into making security mistakes or giving out sensitive information. Phishing, usually used to scam, occurs when a deceiving and fraudulent email is sent, purporting to be from a...
After the First National Bank of Namibia disclosed that 788 transactions, leading to a loss of N$600,000 due to eWallet scams, were reported between August 2022 and August 2023, we asked FNB Compliance Manager, Nesdha De Jong why the service was compromised and what security measures the bank is implementing. https://futuremedia.com.na/wp-content/uploads/2023/09/ENG-Nesdha-de-Jong-ewallet.mp3 Source link
By Kaleb Nghishidivali Otjiwarongo, August 07 – In a compelling address delivered this past Saturday, esteemed Forensic Investigator Hedder Dinnis introduced a groundbreaking campaign titled ‘Exposing Fraud and Scams’ in Tsumeb. This initiative is designed to raise awareness and arm the community with essential knowledge and tools to safeguard against fraudulent activities and scams. Renowned...