In a warning about a new form of phone fraud, the Vietnam Cyberspace Emergency Response Center - VNCERT/CC under the Department of Information Security (Ministry of Information and Communications) said that recently, many people have received text messages and calls inviting and introducing preferential loan programs from subjects claiming to be employees of financial institutions.

When borrowers contact, scammers will ask them to provide personal information such as citizen identification, identity card, bank account number and other sensitive information.

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To create trust, messages from subjects impersonating financial institutions also informed that borrowers would not have to pay any fees. Photo: VNCERT/CC

Next, when the notification confirms that the 'application has been approved', the subject will ask people to pay a small fee to disburse or insure the loan, with the promise that the fee will be repaid along with the loan.

However, the scammer will immediately block contact with the victim as soon as he receives the money.

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To prevent online financial fraud, VNCERT/CC recommends that people be vigilant when receiving text messages or calls offering loans with low interest rates and quick procedures. Illustration photo: VNCERT/CC

In addition to having their assets stolen, victims of online financial scams also run the risk of having their personal information leaked, and the leaked information can be used by other subjects for other bad purposes.

To prevent this, VNCERT/CC recommends that people be vigilant against loan invitations via text messages or calls from unknown sources; carefully check the information of the financial company before borrowing money; do not provide personal information or transfer money before the loan is disbursed.

Many scams and property appropriation traps appear through bank transactions . Warning about the increase in scams and property appropriation traps through bank transactions is one of the notes from the Department of Information Security (Ministry of Information and Communications) to Vietnamese Internet users, in the 'Weekly News' on online fraud last week.