Online scammers are constantly coming up with new ways to steal money, particularly targeting users of banking apps, online shoppers, and those receiving money transfers. Experts from “Finkult” have provided practical recommendations on how to protect yourself from financial fraud online.
This is reported by Finway
Common Schemes Used by Online Scammers
- “Transfer a few hryvnias — you need to confirm your card.” Malefactors often impersonate acquaintances or buyers from marketplaces and ask for your card number, CVV code, or to confirm a transaction via SMS. This is a classic method of stealing funds.
- Fake giveaways and surveys on social media. Organizers of such promotions promise a prize or bonus for participation, luring users to phishing sites to collect personal information.
- “Funds have just been deducted from your card. Please confirm the transaction!” Such messages are part of fraudulent attacks, during which victims are pressured to install malware or grant access to banking apps.
How to Protect Yourself from Financial Fraud
- Do not disclose your card details. No bank employee or official institution will ever ask for your full card number, CVV code, or codes from SMS.
- Check links carefully. Avoid clicking on suspicious links and never enter your information on websites with dubious addresses (for example, privat24-bonus.site).
- Enable two-factor authentication. Use an additional layer of protection for banking apps, email, and social media to minimize risks.
- Set limits on transactions. Limit the maximum amount for one-time payments to reduce potential losses in case of fraudulent activities.
- Use a separate (virtual) card for online payments. This card is not linked to your main account, so even if your data is compromised, your main funds will remain protected.
“Representatives of banks and official institutions never ask for your full card number, CVV code (the three digits on the back), or codes from SMS.”
Actions in Case of Fraud and New Transfer Limits
If you become a victim of financial fraud, you should:
- Immediately block your card through the app or contact the bank’s support service.
- Update your passwords in the banking app, email, and social media.
- File a report with the cyber police.
As of June 1, 2025, new restrictions on transfers will take effect. For clients classified as “medium” and “low risk,” the limit on monthly outgoing transfers has been reduced from 150,000 to 100,000 UAH. For the “high risk” category, the limit remains at 50,000 UAH per month. This new regulation does not apply to all clients, only those categorized by the bank.
To be able to make larger transfer amounts between banks, clients will need to provide documents confirming the source and amount of their income.