F is for Fraud, in particular Advance Fee Fraud

KBC - F is for Advance Fee Fraud

If an offer appears too good to be true it probably is!

Advance Fee Fraud

Advance Fee Fraud is also known as a 419 scam. It can look like a genuine business proposal… is anything but.

First you will receive an unsolicited email from someone claiming to need your help moving money out of a country. Often they will claim to be a close relative of an important person. They will offer you a huge amount of money in exchange for your help BUT first you’ll need to send them some money upfront. Don’t do this!

If you send money, you won’t see it again or be able to get it back, plus the fraudsters may also now have your personal details.

If this does happen to you, let your email provider know about the scam and delete the email.

KBC - How to protect yourself from Banking Scams

Protect yourself from Fraud 

There are many types of fraud that could affect you, for information on these fraud types and how to protect yourself click here.

For up to date fraud alerts and information on how to protect yourself or your business from fraud please click here.