Beware the latest phishing scam

A new phishing scam, using both the Banking Association South Africa logo and the South African Revenue Services (SARS) logo, has been uncovered.

The scam invites customers to provide their personal information with a promise of paying compensation to victims of other internet scams promising tax refunds. This compensation is said to come from “The Victims Redress and Compensation Funds (VRCFs).”

Cas Coovadia, MD of the Banking Association said this fund does not exist and the Banking Association SA has distanced itself from this phishing email.

This is just another reminder of how vigilant we need to be and to never, ever disclose our secret codes.

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