Expert warns against fraud schemes targeting bank customers through manipulation

Financial security experts are warning Slovak bank customers about a dramatic shift in fraud tactics, with manipulation-based scams now accounting for 90% of customer financial losses. These schemes have largely replaced traditional phishing emails and messages as the primary threat to banking customers. The fraudulent operations typically involve criminals advising victims to lie to their own banks, which constitutes fraud under Slovak law. Financial institutions are reporting that these manipulation tactics represent a fundamental change in how criminals target banking customers, moving away from technical attacks toward psychological manipulation designed to trick customers into voluntarily providing access to their accounts or transferring money.