Yahoo Finance NAB’s major move to protect customers
NAB is fighting against scammers with this clever new move.
NAB customers may soon notice a change when they receive a text message from their bank.
NAB said it would stop including any links in “unexpected” text messages customers received from the bank.
NAB CEO Ross McEwan said the bank was 95 per cent of the way through removing the use of links in unexpected text messages and was aiming to complete the project by the end of July.
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"Our aim is to make it as simple as we can for customers to know whether a message from NAB is legitimate," McEwan said
"My advice is don't click on a link. If you get an unexpected text message that looks like it's from NAB and it contains a link, don't click on it.
“We want to make it as hard as possible for these criminals to steal money from hard-working Australians.”
NAB sent 112 million text messages to customers last year, many of which contained links intending to notify customers of things such as when an account is about to be overdrawn or a new debit card has been posted.
As part of the change, links in text messages have been replaced with advice, directing customers to the bank’s website, to call the bank, or head to internet banking or the NAB App, to take a specific action.
Anti-scam measures a positive step
McEwan said a ‘Team Australia’ approach across business sectors, government and the community was urgently needed to tackle scams.
“We welcome the government’s focus in this area, through initiatives like the establishment of the National Anti-Scam Centre and a new SMS registry. Singapore has a similar SMS registry and it’s proved an important step, so I look forward to seeing it implemented here in Australia,”
McEwan said.
“We’ve already seen positive results from the action we’ve taken on spoofing, and by introducing proactive payments alerts to digital banking, and we won’t stop there.
“While we’re doing whatever we can, these scammers are part of transnational, organised crime gangs and will always look for new ways to rip people off. That’s why we continue to encourage all Australians to stay alert, curious and educated.”
NAB has urged the public to contact their bank and Scamwatch immediately if they think they’ve been scammed.
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