Keep Your Children Safe from Financial Fraud

In today’s digital world, children are increasingly exposed to online activities, including gaming, social media, and e-commerce. While these platforms offer learning and entertainment opportunities, they can also make kids vulnerable to financial fraud. Sacorl is committed to helping families stay safe by educating parents and children about online security.

Common Financial Risks for Children

Phishing Scams
- Fraudsters may send fake emails or messages pretending to be from trusted brands to collect personal or payment information.
In-App Purchases
- Games and apps often have in-app purchases that children might unknowingly authorize, leading to unexpected charges.
Identity Theft
- Children’s Social Security Numbers and personal details are prime targets for identity thieves due to their unblemished credit history.
Fake Contests and Offers
- Online ads or pop-ups offering gifts can trick children into sharing sensitive information.
Unauthorized Card Usage
- Children might accidentally or unknowingly use saved card information for purchases.

How to Protect Your Children

Educate About Scams
- Teach your children to recognize phishing attempts and never share personal or financial information online.
Set Spending Limits
- If your child uses a debit or prepaid card, ensure it has spending limits to avoid unauthorized transactions.
Enable Parental Controls
- Use parental control features on devices, gaming consoles, and apps to monitor and limit purchases.
Monitor Accounts
- Regularly check bank and credit card statements for unauthorized transactions.
Use Secure Payment Methods
- Opt for virtual cards or secure digital wallets for online transactions, as they provide an extra layer of protection.
Secure Personal Information
- Keep documents like Social Security Numbers and birth certificates in a safe place, and avoid sharing them unnecessarily.
Discuss Online Behavior
- Encourage open conversations about the websites and apps they use, and ensure they know the importance of privacy.

What to Do If Fraud Occurs

Contact Your Bank Immediately
- Report unauthorized transactions to Sacorl through our 24/7 fraud helpline.
Freeze the Card
- Temporarily block the card to prevent further misuse.
File a Report
- Report identity theft or fraud to local authorities and relevant agencies.
Educate for the Future
- Use the experience as a teaching moment to reinforce online safety practices.

Sacorl’s Commitment to Safety

Sacorl provides tools and resources to help families stay secure:

Fraud Alerts: Get instant notifications for suspicious activity.
Child-Friendly Accounts: Secure savings accounts with parental oversight features.
Educational Programs: Interactive workshops on financial literacy and online safety.

Your Child’s Safety is Our Priority
Empower your children to make smart and secure financial decisions. Visit Sacorl for more tips and tools to protect your family from fraud.

For additional resources, contact our customer service team or visit www.sacorl.my.