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Another fraud syndicate targets businesses

Home Business Another fraud syndicate targets businesses

WINDHOEK – Bank Windhoek has warned that it recently became aware of a syndicate targeting business clients in the Namibian tourism and hospitality industry who regularly conduct their financial and business transactions in foreign currency.

According to the bank the syndicate uses illegal techniques to gain access to the email account of the business client and then uses it to correspond with the banks, presumably on behalf of the business.

“Bank Windhoek would therefore like to warn all their existing clients that the bank will require verification of all email instructions to the bank. Clients are also urged to take appropriate measures to prevent illegal access to their email account,” said the bank in a statement.

The appropriate measures mentioned include regularly changing business email account passwords, avoiding accessing business email accounts from public areas such as internet cafés, ensuring that computers are cleared of any malicious spying software and that all viruses are removed as well as taking extra caution when sharing bank account information via email.