Banking customers urged to amp up security

Staff Reporter Vigilance against fraudster tricks and scams remains one of the most effective defences to curb theft and fraud. International cybersecurity experts, including the United States-based Abnormal Security, have observed that Business Email Compromise (BEC) attacks increased by 81 percent in 2022 and 175 percent over the past two years. Bank Windhoek’s Manager of Forensic Services, Johnny Truter said that BEC is an advanced phishing scam that impersonates people, organisations, or entities the victim knows. “It works by manipulating email addresses, so the sender appears legitimate. The most common victims of BEC are companies that use online transfers to…