Security and Fraud
We are serious about preventing fraud and misconduct in the Momentum environment.
The Momentum Ethics and Fraud line is a facility where you can report any misconduct or fraud that you are aware of within Momentum Metropolitan Holdings Limited. All incidents reported will be handled with the strictest of confidence, and the caller's identity will remain anonymous.
We view any criminal activity as an extremely serious matter with zero-tolerance for misconduct or fraud and are committed to the enforcement of an anti-crime culture throughout the organisation.
If you suspect fraud, irregular or unethical practices, you can report it by contacting us.
Online scam alert
An online-based scam is doing the rounds. Scammers are running fake social media profiles and bogus websites. They lure individuals in with a promise of low repayment loans or high returns on investments in a short space of time. These scammers may also go to great lengths such as creating websites with an error in the domain that may not be noticed at first sight, domains such as www.momentim.co.za or www.momentvm.co.za
We would like to assure you that none of our Momentum representatives will approach you in this manner, nor would they require of you to opt into any of our services and products through a social networking site. Please be vigilant on any of the tricks that the scammers may present. If you need clarity on this or would like to authenticate a message, feel free to send us a mail at [email protected].
WhatsApp scam
A new scam has been brought to our attention. A few of our clients have lost money to fraudsters, after depositing funds into a fake account, created to trick consumers into thinking they’re investing in Momentum products.
We want to assure you that our Momentum representatives will never ask you to pay money into an account without signing a valid contract. Furthermore, our Momentum representatives are not authorised to accept cash or deposits, into private bank accounts, on behalf of the company. If you have any questions on this, please send an email to [email protected]; or contact your financial adviser to check the authenticity of any offers doing the rounds.
Contact numbers
The Momentum Ethics and Fraud line is in operation 24-hours a day, 7 days a week, and 365 days a year.
The service is provided and administered by Deloitte Tip-offs Anonymous (Pty), which ensures an independent and unbiased reporting platform.
Momentum Health Solutions
To report fraud and unethical practices relating to the schemes administered previously by Metropolitan health or MMI Health.
The service is provided and administered by Deloitte Tip-offs Anonymous (Pty), which ensures an independent and unbiased reporting platform.
The service is provided and administered by Deloitte Tip-offs Anonymous (Pty), which ensures an independent and unbiased reporting platform.
Reporting directly to Group Forensic Services
Reports can also be made directly to the Group Forensic Services department. Momentum guarantees that all direct disclosures will remain confidential and that every effort will be made not to reveal the identity of an informant.
Protect yourself
from fraud
Your security is a high priority for us, especially as we see an unprecedented increase in fraudulent activity. Scammers are getting very clever in deceiving people, but we can defeat them together if we are extra vigilant, aware, and cautious. We've listed below a few of the common scams our experts have identified.
Types of scams
Financial scams
Scammers pretend to be from reputable companies. They either create fake social media or WhatsApp posts and profiles to convince you to share your personal or financial information – often with promises of exorbitant or unrealistic financial returns or large sums of money for little or no effort on your part.
The profiles often impersonate actual employees or use a real company's name or logo. Always think twice before handing over or depositing money or providing your information to the suspected scammer, as it can be used to access your bank account, make fraudulent purchases, or steal your identity. Once you've deposited your money into the bank account nominated by the perpetrator, you'll likely never hear from them again.
Employment scams
Legitimate employers will never promise work in exchange for an up-front fee or favours. There's also no good reason for you to send them your bank account details before securing a job.
Do not go for interviews in unsafe places. Reputable companies will interview you at their offices or a registered employment agency or via an online call (in the age of COVID). Never agree to meet someone at a private home or apartment for an interview.
Romance scams
Beware of individuals you meet through social media sites or apps, especially if they promise romance before you've met in person. These scammers play on your emotions to defraud you out of your money. They tend to be experts at creating fake profiles. Recently set up profiles or pages with very little information, friends or timeline of existence must be treated as suspicious.
Requests for travel money to meet you, cash gifts, or money to help them out of a personal crisis should have you immediately running in the opposite direction. Not being able to 'meet' them on a video call or to speak on the phone should also be a red flag, especially if they always cancel at the last minute.
Things to look out for
Criminals come up with new ways to steal your money and identity every day. Here are a few things you can look out for to ensure your safety.
- Emails asking you to confirm personal information, such as passwords, personal pins or your ID number. This one should always be a huge red flag.
- “Business” emails sent from public email domains. Another red flag.
- Emails using generic greetings such as “Dear Sir” or “Hello dear” instead of your name.
- Unexpected emails from unknown or even legitimate-looking sources, prompting you to click on a link or attachment.
- Poorly worded emails. Pay as much attention to grammar as you would the spelling.
- Always check that the URL provided matches the actual domain.
Types of phishing scams
Find out about popular phishing techniques, to help keep you clued up, and armed with enough “tech-savvy” to avoid getting scammed.
Deceptive phishing
This is by far the most popular method used by fraudsters. You get a credible-looking email from a bank or other reputable institution asking you to confirm personal information either by responding to the email or following a link. No bank will ever ask you to disclose sensitive information through an email, SMS or digital link.
Link manipulation
Crafty and often difficult to spot. With this technique, you receive a link and click on it, thinking it’s taking you to a specific website, but you land on the phisher’s malicious site, which is often a duplicate of a legitimate website. Always be wary of emails prompting you to click on links or attachments.
Smishing
Crafty and often difficult to spot. With this technique you receive a link and click on it, thinking it's taking you to a specific website. Instead, you land on the phisher's malicious site, which is often a duplicate of a legitimate website. Always be wary of emails prompting you to click on links or attachments.
Spear phishing
Unlike traditional email phishing, where one email is sent to numerous random users, spear phishing is more targeted. Fraudsters study their victims' online habits then customise their messages accordingly. When you open the email, the source and content look legitimate, and the next thing you know, you've been scammed.
Vishing
Vishing is merely phishing done through a telephone call. Similar to the electronic version, the aim is to trick you into handing over confidential information to the caller, who usually claims to be representing a legitimate institution such as your bank.
Website spoofing or forgery
As the name suggests, criminals create a replica of a genuine website, with the aim of collecting confidential information from users in order to defraud them. Always check to see if the URL is correct and matches the website. Preferably type the URL yourself rather than follow a link.
Tips to stay safe online
- Don't share personal or financial information – Don't share details of your financial circumstances or any other personal information prior to verifying that the information was requested by an authorised representative of a financial services provider. Legitimate companies will not call, email, SMS or WhatsApp to ask for your personal information.
- Learn to identify possible scammers, phishing emails, and malicious websites - We have noted a recent trend where scammers may change one letter in a legitimate email address or use fake websites, or fake social media accounts and WhatsApp profiles to defraud you. Their objective is purely to access your personal accounts, such as email accounts, bank- and other financial accounts.
- Know who you are transacting with – Momentum or Metropolitan employees will never ask you to deposit money into differently named or personal bank accounts or to make payments via WhatsApp. If you receive a call or email from someone claiming to be from Momentum Metropolitan, first contact us directly to verify that the adviser, employee, investment, or added-value offer is real.
- Never deposit money into personal bank accounts – Always check that lump sum payments, any money or premiums are going directly to the company and not to individuals or personal bank accounts.
- Be careful what you share - Beware of unsuspected attempts to get your personal information, like filling out application forms, answering phone surveys or responding to social media quizzes. Don't fill out every field on your social media profile such as your phone number, home address or company details – including these details significantly increases the chance of identity theft.
- Stranger danger – Beware of direct messages or friend requests from people you don't recognise or can associate with known friends of yours.
- Get rich schemes are just that, schemes - Beware of unrealistic promises of low repayment loans and high financial returns over a short period of time. If an offer looks suspicious or too good to be true, it usually is.
- Don't be pressured in deciding on the spot - Offers that are time sensitive or urgent are usually scams. Legitimate organisations will give you time to make an informed decision, so don't be pressured into making decisions immediately.
- Interception of e-mails is increasing - When someone clicks on a phishing link, a link that looks identical to the legitimate address, the criminal can gain access to your email account, upload malware to your machine or take over your machine. Tip: Hover over the link with your mouse (but don't click on it) to confirm the email address or website is legitimate. It is highly recommended to change your email account settings to enable multi-factor authentication.
- Constantly review and improve the strength of your passwords. Password123 is not a good password! And DO NOT use the same password for all your online activity. Create complicated passwords, consisting of capital letters, numerical numbers and special characters that are not easy to decipher and remember to change them often.
- If anything feels wrong, stop, and check what you are doing - Check every detail and every spelling, contact the company directly to check if it is them that you are doing business with. Especially check bank deposit details and never hand over cash or deposit money into an individual's account. A moment to check or one phone call can save you from being caught out.
Already been scammed?
Take immediate action to avoid further damage.
- If you are unsure about the legitimacy of an offer or would like to verify any Momentum Metropolitan employee, rather contact [email protected]
- If you come across a social media account impersonating a Momentum Metropolitan employee, report it to [email protected] or send us a private message on Twitter, Facebook, LinkedIn, or Instagram.
- If you have already sent them money, you unfortunately have very little chance of recovering your money.
- Report and lay a charge with the South African Police Services.
- Where identity theft is suspected, the matter must be reported to the South Fraud Prevention Services on https://www.safps.org.za/Home/About
- Look out for warning signs that your information may have been compromised, such as unexpected SMSs asking you to verify your pin.
- Change ALL your passwords immediately. This goes for emails, online banking and other profiles, as well as social media passwords.
- Run a full system scan to help detect any viruses or harmful malware in your device.
- Get in touch with crucial institutions like your bank, insurance provider and retail stores you may have credit accounts with, to inform them of the fraud.
- Inform all major credit rating agencies to protect your credit record.
- Report the fraud on the Southern African Fraud Prevention Service (SAFPS) helpline: +27(0)11 867 2234.
Visit the SAFPS website for more comprehensive tips on fraud prevention and other useful contacts.
To enhance your user experience on our site, learn more about our supported browsers