During the festive season, cyber fraud and identity theft become more prevalent, especially targeting retail customers who are more susceptible to such crimes.
Increased shopping activities during the holidays make individuals more vulnerable to scams as scammers take advantage of the rush and distractions. Online shopping, fake websites, and phishing links contribute to the risks.
To combat this, it is crucial for people to be vigilant and cautious. Organizations like the National Information Technology Development Agency (NITDA) have issued warnings about specific malware like Grandoreiro, which targets banking customers through phishing links.
Grandoreiro is a banking trojan that can compromise personal information and banking security, posing a significant threat to users. It is essential to beware of suspicious emails and refrain from sharing bank account details publicly to prevent falling victim to cyber fraud.