European Securities and Markets Authority (ESMA) has issued a warning about fraudulent calls being made by individuals impersonating or using the name of the institution. These fraudsters are pressuring residents to disclose personal, payment card, or authentication data, as well as offering to recover lost financial funds. They also instruct victims to open specific websites and perform actions according to their instructions.
In response to this, the Bank of Latvia and the European Securities and Markets Authority are urging individuals not to take any action or provide any information in such situations. They advise people to immediately end the conversation with these fraudulent callers.
For more detailed information about this warning, individuals can visit the European Securities and Markets Authority website, where the warning is available in English.
To avoid falling victim to these fraudsters, the Bank of Latvia emphasizes the importance of being vigilant and critically evaluating any information provided by suspicious callers. They strongly advise against cooperating with these individuals under any circumstances.
The Bank of Latvia also highlights important information regarding the supervisory authorities of the financial sector. They clarify that employees of financial sector supervisory authorities are unknown to clients of financial institutions, except in situations where clients have initiated contact with the institutions themselves. In such cases, an agreement may be reached for a further telephone conversation.
Furthermore, the financial sector supervisors never ask for payment card or internet bank authorization information, nor do they offer to recover lost funds. It is important to note that the basic language of communication with these authorities is not Russian.
Information about decisions made by the supervisory authorities of the financial sector, which may affect the interests of clients, is always published on their respective websites and is publicly available. Financial institutions do not personally inform clients about these decisions through phone calls.
In order to ensure safe cooperation, the Bank of Latvia advises individuals to only engage with licensed financial market participants who have the right to provide financial services in Latvia. The register of Latvian financial market participants can be accessed on the Bank of Latvia’s website under the “Market participants” section.
It is crucial for individuals to remain cautious and informed to protect themselves from falling victim to fraudulent calls and scams.
How can individuals protect themselves from falling victim to fraudulent calls and scams
Beware: European Securities and Markets Authority (ESMA) warns against fraudulent calls
The European Securities and Markets Authority (ESMA) has recently issued a warning about a concerning rise in fraudulent calls. These scammers are impersonating or using the name of ESMA, pressuring individuals to disclose personal and financial information and offering to recover lost funds. To protect yourself, ESMA advises against taking any action or providing any information in such situations, and urges individuals to immediately end the conversation with these fraudulent callers.
The Bank of Latvia is also joining forces with ESMA to emphasize the importance of vigilance in dealing with these scams. It is crucial to critically evaluate any information provided by suspicious callers and never cooperate with them under any circumstances. The bank highlights that employees of financial sector supervisory authorities are generally unknown to clients, unless initiated by the clients themselves. Furthermore, supervisory authorities never ask for payment card or internet bank authorization information, nor do they offer to recover lost funds. The official language of communication with these authorities is not Russian.
To ensure safe cooperation, the Bank of Latvia advises individuals to only engage with licensed financial market participants who have the right to provide financial services in Latvia. The register of Latvian financial market participants can be accessed on the Bank of Latvia’s website for verification.
Remain cautious and informed to protect yourself from falling victim to fraudulent calls and scams. For more detailed information about this warning, visit the European Securities and Markets Authority website and review the warning available in English.
This article raises an important awareness about potential scams and impersonation tactics used by fraudsters pretending to be European Securities and Markets Authority and Bank of Latvia. It serves as a crucial warning for residents to stay vigilant and exercise caution while interacting with financial institutions.