Recognising Common Types of Fraud
Understand the most common types of fraud and learn how to protect yourself
It is essential to be aware of common fraud types to help you stay protected. Here are the most common fraud tactics:
- Phishing: Scammers pose as legitimate companies or institutions to steal personal and financial information via emails, texts, or phone calls.
- Social Engineering: Fraudsters manipulate or trick individuals into disclosing confidential information.
- Identity Theft: Someone uses your personal information to open accounts, make purchases, or commit other fraudulent activities in your name.
- Unauthorised Transactions: Transactions that occur without your knowledge or consent, often due to a compromised account.
Tips to Protect Yourself:
- Never share your password or PIN with anyone.
- Be cautious of unsolicited communications asking for personal information.
- Regularly review your transactions in the Yeeld app.
By staying informed about these common fraud types, you can be proactive in protecting your account from potential threats.