Polaris Bank Media Workshop Reveals Latest Trick Of Fraudsters Preying On Cashless Policy

Thursday, May 9, 2019, the financial institution known as Polaris Bank held a media workshop.

The workshop which is part of ongoing efforts by the bank at impacting on the journalism profession was handled by a veteran, Taiwo Obe.

Popularly called T.O, Obe is the founder of the highly rated Journalism Clinic situated in Surelere area of Lagos state.

The Media Capacity building workshop – an ongoing initiative – held at GRA, Ikeja Lagos.

With a focus on Online Journalism in the era of fake news, the practical approach adopted by Obe at the workshop exposed one of the latest tricks of fraudsters preying on the cashless policy to swindle the public.

Adopting the principle of constant ‘’fact checking’’ by journalists in the bid to determine the veracity of a news item, the workshop revealed the use of the mobile card machine – otherwise known as the Point Of Sale (PoS) terminal – has become a fertile ground for fraudsters to swindle the public.

Some of the POS machines are built to steal all the data – identity – of the user once in the debit or credit card is used on it.

And this enables the fraudsters to move money out of the account(s) of the victim(s).

The very engaging session revealed that the fraudsters’ method of operation is to create an environment that would make their targets to use the card on the ‘’ dubious POS machine’’ either when making a delivery or at other seemingly innocent payments and sales points at the myriads of business venues abound.

Ezurike Nduneche, the Head, Strategic Management of Polaris Bank who was actively involved in all the practical aspects of the workshop – including joining a team and undertaking assignments – disclosed that the Bank is constantly working on staying a step ahead of the criminally minded individuals by evolving strategies that protect customers funds and retain confidence.

Some of the solutions thrown up at the workshop to combat one of the latest ticks of the fraudsters preying on the cashless policy include, limiting daily spending on bank accounts and cards, adopting a single payment card attached to a bank account with limited balance, use of money cards at only selected and trusted payment points, always be conscious of happenings at payment venues, and familiarization with the regular mobile card machine.

Societynow.ng confirms that what has turned out a big help to the public – Latest Tricks Of Fraudsters Preying Cashless Policy – is an added value at the Media Workshop.

The approach and tips provided by Journalism Clinic Founder, Tunde Obe are big leaps in impacting on the operations of the participants at the Media Workshop.

Nduneche, who emphasized the need for training for advancement and to combat the threat of fake news on the integrity of the journalism profession in his opening speech worked hand -in – glove with another well-known face of Polaris Bank, Rasheed Bolarinwa to achieve a successful workshop.