Warning Issued as New Fraud Technique Emerges in Greece
Banks in Greece are alerting customers after a recent incident of imported fraud in Volos, involving a well-organized external scam that tricked a business owner into changing his banking credentials, resulting in the loss of his funds. The technique, known as Caller ID spoofing, enables fraudsters to appear as bank representatives, manipulating unsuspecting individuals into providing sensitive information. With the rise of e-transactions, such scams are evolving, prompting banks to advise citizens on precautions against various forms of electronic fraud, including phishing and voice cloning scams.