According to a survey published by the Bank of Israel, 62% of respondents encountered a financial fraud attempt, and 5% of them suffered financial loss. Among those aged 70 and over, the share of those who suffered a loss stands at 12%.
Impersonation text messages are the most common fraud method. One in five Israelis takes no protective measures at all.
The Bank of Israel is running a joint awareness campaign with the banks and credit companies ahead of the November shopping promotions.
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Reports on other sites 3 outlets
What outlets say
Ice
Financial fraud has become an inseparable part of digital life in Israel, and older adults are more exposed to it.
Bizportal
Impersonation text messages are the most common fraud method, and one in five Israelis takes no protective measures at all.
TheMarker
The banking supervisor is running an awareness campaign on the topic, and responsibility for avoiding fraud rests with the public.
