June 30, 2022

NICHOLSON…we have seen in excess of $17 million in losses in a little bit over a week due to these activities<strong id=”strong-1″>.</strong>

THE National Commercial Bank (NCB) says it has seen a “significant increase” in fraud over the last few days and is warning customers to be more alert to prevent themselves falling victims to fraudsters.

Dane Nicholson, manager for special investigations, fraud prevention unit, National Commercial Bank, told the Jamaica Observer that the bank has seen a significant increase in the number of customers falling victims to smishing and phishing attacks.

“We have seen in excess of $17 million in losses in a little bit over a week due to these activities,” Nicholson said. The sums were scammed over 10 days. It works out at the bank losing an average of $1.7 million from the activities over the period. Nicholson said the figure is higher adding that the problem has been around for some time, but the uptick in recent days in that type of fraud has been significant.

“What these fraudsters do is to send customers text messages purported to be coming from NCB and they ask [the customer] to click on a link to regain access to their accounts because their accounts are closed or restricted due to suspicious activity, their password is about to expire, or something of the sort, and they need to take action now. So there is always a sense of…

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