Sabric CEO, Kalyani Pillay said bank customers must be wary when being told that a certain supplier had changed their banking details and must thoroughly verify if the details have indeed changed.
The scam operates when a bank customer receives an email or letter informing them that a particular supplier had changed their bank account details. The scammers include details of the new account and the recipient is then asked to make future payments into this account.
Having paid into the new account and received complaints of non-payment, the victim will discover that they have been scammed.
Sabric has also advised customers to be extra vigilant when making payments into supplier’s accounts and must confirm all bank detail changes made by suppliers with someone whom they normally deal with within that organisation.
