It is a growing concern for the National Student Financial Aid Scheme (NSFAS) that fraudsters are continuously looking for new ways to defraud students.
Phishing and Vishing are the most popular ways used by fraudsters to defraud or hijack student accounts
Phishing is the fraudulent attempt by fraudsters to obtain sensitive information such as usernames and passwords details by disguising as a trustworthy entity through electronic communication, for example: Emails.
Vishing is similar to phishing, but happens through phone calls. Vishing is described as the act of using the telephone in an attempt to scam the user into disclosing private information that will be used for identity theft.
We have lately picked up 5 more fraudulent sites: