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BCRG and ANSSI Guinea Warn Against False Subvention Scams

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The Banque Centrale de la République de Guinée (BCRG) and the National Agency for Information Systems Security (ANSSI Guinea) have issued a joint warning about a surge in fraudulent activities related to false subventions. These scams, which often involve promises of financial assistance or grants, are targeting unsuspecting individuals and organizations in Guinea.

Details of the Scams

The scammers behind these schemes typically approach their victims through various channels, including email, phone calls, and social media. They often pose as government officials or representatives of legitimate organizations, claiming to offer financial assistance or grants. Victims are then asked to provide personal information or financial details, which is subsequently used for fraudulent purposes.

Common Tactics Used by Scammers

Scammers may employ a variety of tactics to deceive their victims, including:

  • Phishing emails: Scammers may send phishing emails that appear to be from legitimate government agencies or organizations, asking victims to click on malicious links or download attachments.
  • Phishing calls: Scammers may also use phone calls to target victims, posing as government officials or representatives of legitimate organizations.
  • Social media scams: Scammers may create fake social media profiles to target victims and solicit personal information.

Recommendations for Protection

To protect yourself from these and other similar scams, it is essential to follow these recommendations:

  1. Be cautious of unsolicited offers: Be wary of unsolicited offers of financial assistance or grants, especially if you are not expecting them.
  2. Verify the legitimacy of the sender: Before providing any personal information or financial details, verify the legitimacy of the sender.
  3. Do not click on suspicious links: Avoid clicking on links in unsolicited emails or messages, as they may lead to malicious websites.
  4. Use strong passwords: Create strong, unique passwords for all of your online accounts and avoid sharing them with others.
  5. Enable two-factor authentication: Add an extra layer of security to your accounts by enabling two-factor authentication.
  6. Keep your software updated: Ensure that all software and firmware on your devices are up-to-date with the latest security patches.
  7. Use antivirus and anti-malware software: Protect your devices with reputable antivirus and anti-malware software.
  8. Report suspicious activity: If you suspect that you are a victim of a scam, report it to the appropriate authorities.
  9. Be cautious when sharing personal information: Only share personal information with trusted individuals or organizations.
  10. Stay informed about cybersecurity threats: Stay up-to-date with the latest cybersecurity news and trends.

Conclusion

The surge in false subvention scams targeting individuals and organizations in Guinea highlights the importance of being vigilant against cyber threats. By following the recommendations outlined above, individuals and organizations can protect themselves from these scams and safeguard their personal and financial information.

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Ouaissou DEMBELE
Ouaissou DEMBELEhttp://cybercory.com
Ouaissou DEMBELE is a seasoned cybersecurity expert with over 12 years of experience, specializing in purple teaming, governance, risk management, and compliance (GRC). He currently serves as Co-founder & Group CEO of Sainttly Group, a UAE-based conglomerate comprising Saintynet Cybersecurity, Cybercory.com, and CISO Paradise. At Saintynet, where he also acts as General Manager, Ouaissou leads the company’s cybersecurity vision—developing long-term strategies, ensuring regulatory compliance, and guiding clients in identifying and mitigating evolving threats. As CEO, his mission is to empower organizations with resilient, future-ready cybersecurity frameworks while driving innovation, trust, and strategic value across Sainttly Group’s divisions. Before founding Saintynet, Ouaissou held various consulting roles across the MEA region, collaborating with global organizations on security architecture, operations, and compliance programs. He is also an experienced speaker and trainer, frequently sharing his insights at industry conferences and professional events. Ouaissou holds and teaches multiple certifications, including CCNP Security, CEH, CISSP, CISM, CCSP, Security+, ITILv4, PMP, and ISO 27001, in addition to a Master’s Diploma in Network Security (2013). Through his deep expertise and leadership, Ouaissou plays a pivotal role at Cybercory.com as Editor-in-Chief, and remains a trusted advisor to organizations seeking to elevate their cybersecurity posture and resilience in an increasingly complex threat landscape.

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