Scammers may pose as an “e-commerce seller” with an irresistible deal, a “successful investor” with an investment idea that promises high returns, or even as a “friend” in urgent need of money.

They can also pretend to be a banker or government official, tricking victims into giving them money or banking credentials.

Although digital banking services offer convenience and speed, there are malicious actors in the digital world. Banks do their part to guard you from online fraud, implementing anti-scam controls and measures, and keeping you updated on the latest scam threats.

However, ultimately, YOU need to be your own hero in the fight against scams.