Tips on How to Stay Scam-Free this Holiday Season
- FNB emphasizes the importance of security for senior citizens during high-volume shopping periods like Black Friday.
- Scammers are particularly targeting seniors, prompting FNB to share safety tips for secure transactions.
- A 3% reduction in cash-related transactions year-on-year indicates a shift towards digital channels, yet many seniors still prefer cash.
The increasing vulnerability of senior citizens to fraud during the festive season highlights a critical need for enhanced financial literacy and security awareness among this demographic. Financial institutions must take proactive measures to educate and protect their customers, ensuring they can enjoy their retirement without fear of losing their savings.
