Don't fall for fraudsters, says bank

Thursday, 19 September 2024 08:55

Isle of Man Bank is warning people not to fall for fraudsters.

It says scammers may pretend to be a well-known company and claim you're owed a refund.

The bank warns that online criminals could request a one time passcode from you.

But it says if you give away the code or approve transactions in its app, you won't receive a refund.

Fraudsters may try to call you pretending to be a well-known company, saying you’re owed a refund. They'll try to trick you into handing over a One Time Passcode or get you to approve the transaction in the mobile app, or else you won’t receive the refund.

(1/2) pic.twitter.com/7YFuZRnU4T
— Isle Of Man Bank (@iombank) September 16, 2024

More from Isle of Man Business

National Risk Assessment looks at virtual assets sector

There's a 'medium' risk of money laundering in the Island's virtual assets sector, according to a new report.
Law changes aimed at improving transparency on company ownership

The government's set out proposals aimed at making it easier to identify who owns and controls Island companies.
Bushy's is branching out into spirits

A Manx brewery is preparing to launch a new range of spirits this week.
Open day at new gym this weekend

A new gym in Douglas is opening its doors for the first time this weekend.
Businesses encouraged to have quiet hours for neurodivergent people

Businesses across the Island are being encouraged to introduce "quiet hours" in the wake of Autism Acceptance Month.
Chance of comeback for city centre takeaway

There's a chance a Douglas takeaway might get a new location and get back into business.
Workshop about neurodivergence in the workplace

A workshop about how businesses can support and benefit from neurodivergent employees will be held next week.
Island to host major shipping conference

A huge shipping conference will be held on the Island later this summer.