Wed, 22 October
18.1 C
Yerevan
USD: 382.53 RUB: 4.71 EUR: 444.42 GEL: 141.18 GBP: 511.94

The main mistake cyber fraud victims make in Armenia is providing credit card information – Central Bank

YEREVAN, October 22. /ARKA/. The most common mistake bank customers in Armenia make, which results in them becoming victims of fraud, is providing credit card information.

“The most common mistake bank customers make, which results in them becoming victims of fraud, is providing credit card information. My advice: don’t trust anyone in the digital world,” Komitas Stepanyan, head of the Central Bank of Armenia’s IT and Cybersecurity Directorate, told Novosti-Armenia.

He urged citizens to be reasonably suspicious. If you receive a call from an unfamiliar number claiming to be a bank employee and requesting information to resolve a problem, you should disconnect the call and contact the bank at the official number listed on its website or on your card.

“Remember that a bank employee will never ask you for personal information, especially over the phone. I urge you to be reasonably suspicious, not paranoid,” Stepanyan emphasized.

The Central Bank representative noted that since digitalization has “invaded” Armenian society so rapidly, citizens have developed a gap in awareness regarding basic cybersecurity rules. Stepanyan believes this should be taught to children, starting in kindergarten.

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

LATEST NEWS

spot_imgspot_imgspot_img