Angolan commercial banks launch campaign to combat fraud

Commercial banks in Angola are launching a two-month campaign to combat banking fraud and enhance customer security. The initiative is promoted by the Association of Commercial Banks of Angola (ABANC) and involves collaboration with media outlets to raise awareness about various fraudulent tactics.

ABANC President Mário do Nascimento noted that while fraud methods are becoming increasingly sophisticated, many rely on manipulating human behavior rather than advanced technical skills. Common tactics include fraudulent phone calls appearing to be from banks, messages impersonating family members, or overly attractive promotions designed to trick customers into revealing sensitive information or performing unauthorized transactions.

The campaign will utilize various institutional channels, including websites and social media, to educate the public and encourage the reporting of suspicious activities.