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The Rise of Banking Fraud Calls in Pakistan

October 10, 2023Frady TeamBanking Security, Fraud Prevention
Banking fraud warning on smartphone

Banking fraud calls have increased by an alarming 70% in Pakistan over the last year, with thousands of people falling victim to these sophisticated scams. In this article, we'll explore how these scams work, the tactics fraudsters use, and the steps banks are taking to protect their customers.

Important: Banks will NEVER ask for your complete card details, PIN, password or OTP over the phone. Always verify suspicious calls by hanging up and calling your bank's official number.

How Banking Fraud Calls Work

Banking fraud calls typically follow a pattern. The caller claims to be from your bank's security department, fraud prevention team, or customer service. They create a sense of urgency by claiming there's an issue with your account that needs immediate attention.

Common scenarios include claims that your card has been compromised, suspicious transactions have been detected, or your account will be blocked unless you verify your identity. The goal is to trick you into revealing sensitive information like your card number, PIN, OTP, or online banking password.

Coming soon...

We're currently working on completing this article with more detailed information about banking fraud calls in Pakistan. Check back soon for the full article, which will include:

  • Common tactics used by banking fraudsters
  • Real-life examples of banking fraud in Pakistan
  • Steps banks are taking to protect customers
  • How to verify if a call from your bank is legitimate
  • What to do if you've been a victim of banking fraud

Protect Yourself from Banking Fraud:

  • Never share sensitive information like PINs, passwords, or OTPs over the phone
  • Hang up and call back using the official number on your card or bank's website
  • Enable two-factor authentication on all your banking accounts
  • Regularly monitor your accounts for unauthorized transactions
  • Report suspicious calls to your bank and on Frady to protect others

Protect Yourself and Others

Help build a safer Pakistan by checking unknown numbers and reporting scams you encounter.