ISLAMABAD: As incidents of banking fraud rise, the Banking Ombudsman has issued an important public advisory to protect citizens against financial losses and raise awareness about the growing cybercrime threats.
The crime has been expanding rapidly, especially in recent years, with fraud relating to banking becoming rampant.
Deceitful fraudsters still defraud unsuspecting individuals with new and unsuspecting tactics, which often leave them without lifetime earnings.
The Banking Ombudsman is an institution that deals with complaints from victims of such fraud.
Thousands of affected customers have already been compensated this year, according to the spokesman for the Banking Ombudsman.
In fact, between January and October, 28,704 bank customers received relief, and an amount of Rs1.46 billion was returned to them after successful resolution of their cases.
The spokesperson firmly instructed the public not to share personal or financial information with any third party under any circumstances. Citizens were also warned not to click on links received through unreliable or unverified sources on their mobile phones.
The spokesperson further informed that in case of receiving any suspicious phone call, one should immediately contact one’s bank and report the incident to the National Cyber Crime Investigation Agency.
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