Standard Bank warns of new tax scam
Standard Bank is warning customers of a new tax-related scam doing the rounds as tax season gets into full swing.
The bank said that the prevalence of scams has increased, and with July being the opening of tax season in SA, tax-related hooks are becoming more common.
Business Tech reports that the scam entails customers receiving a fraudulent email that looks like it comes from Standard Bank, stating that the recipient’s tax certificate or eligibility for a tax refund is attached.
By opening the attachment and entering personal details, criminals are able to access accounts and steal money.
Fraud continues to pose the risk of serious financial losses for banking customers.
All indicators are pointing toward the fact that there are new scams and an increasing number of victims, warned Reana Steyn, the Ombudsman for Banking Services.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
