Bank South Pacific warns on hoax text messages

HOAX text messaging has increased in recent months and Bank South Pacific (BSP) says this is largely due to the wide availability of mobile phones.

BSP said scammers have also been calling customers, claiming they are from the bank and advising them that they have won a cash prize.

However, BSP group general manager – retail banking, Paul Thornton warned that the bank currently has no cash prize promotion giveaway, and will not call customers and ask for personal details such as Personal Identity Number (PIN) or internet banking passwords.

The bank had warned customers sternly against disclosing these details.

Mr Thornton also warned that BSP does not engage third parties to sell its loan products, and that all customers should only apply directly with branch staff for loan enquiries.

"Customers who are asked for any commission for loan approval are encouraged to report the matter to BSP. Furthermore, customers should not entertain text messages or calls from fraudsters who request for personal information."

The bank said already victims had fallen to these scams and fraudulent activities.

"BSP, like any other financial institution, ensures that client and customer information is treated and shared via proper processes and protocols.

"The bank has a stringent policy of non-disclosure regarding matters of information security and deals with customers accordingly. read more on >> PNG Technology News online