By PAUL LUO-BAZ FRAUD PREVENTION COMMITTEE MEMBER RECENTLY the Banking Industry has witnessed a resurrection and increase in smash and grab attacks on customers. Simply put, attackers attend banking halls on the pretext of being intending account opening or transacting customers. For the most part such individuals join queues but never really get to the counters or make any meaningful transactions.What their aim is at that time is to see customers drawing substantial amounts of money and alert their colleagues outside the branch. For this reason, these are called “Spotters”. So, when an unsuspecting customer makes a large drawing Spotters then describe his appearance and apparel usually by SMS or short call to the colleagues sitting in close proximity to bank exits. The customer is then trailed and at the earliest opportunity where the customer leaves their vehicle, they break in and get away with the funds.This kind of activity is rife in some southern African […]
BEWARE OF TRAILING, SMASH AND GRAB ATTACKS
