One of the core emerging competencies in financial capability is Digital Finance. As a core competency digital finance includes the use of digital financial tools such as e-banking or Internet banking as well as recognising and responding to scams and fraud.
ĠEMMA in 2020 initiated the series of Little Black Book of Scams and Frauds. The first four editions were drawn up together with the eSkills Malta Foundation. These four editions can be downloaded from the following link: https://gemma.gov.mt/ebooks/.
ĠEMMA has partnered with the HSBC Malta Foundation to issue a 5th edition of the Little Black Book on Scams and Frauds. This edition is based on actual fraud and scams cases that have occurred in Malta recently and presents 12 such scenarios. What clearly emerges is the breadth of scams and fraud that take place in Malta, which include:
– Mule entrapment, occurring from the sale of a motor bike.
– Elderly financial abuse such the unauthorised use of a mother’s power of attorney to secure a loan.
– UK car import scam.
– Online bargains.
A key feature of the ĠEMMA series Little Black Book on scams and fraud is that it not only presents you with tested simple tips that if followed will protect you against most scams and fraud, but also the action you should take if you do become a victim of a scam or fraud.
You can download the 5th edition by clicking here. ĠEMMA together with the eSkills Malta Foundation has produced infographics setting out tips on how you should protect yourself from over 30 different scams and fraud. Go to our infographic page on our ĠEMMA portal (www.gemma.gov.mt) and download them as well as share them with friends, family and colleagues.