Some concerned patriotic Nigerians have uncovered how ICT fraudsters have devised new techniques of emptying people’s bank accounts without the victims knowing what was happening.
According to the CyberSecurity Group, the criminals can take all the money from their victims account and the person won’t get a single alert notifications.
The new high-tech fraud
is called the SIM
SWAP FRAUD, which has so far defrauded hundreds of Nigerians of their hard-earned savings.
How the fraud works
The source said when the fraudsters get a hold of a victim’s phone number used for getting bank alerts, they will immediately initiate a
SIM SWAPproto
“Your phone network will
momentarily go blind /
zero (No Signal / Zero
Bars) and after a while
a call will come through.
“Then the Person at the end of the call will tell you that he is calling from (your cell phone
company) depending on
your network and that there is a problem with your mobile network.
The caller will instruct you to
Please “press 1” on your
phone to get the network back.
Please, at this stage, don’t press anything. Quickly cut or END the call. If you press 1, the network will appear
suddenly and almost
immediately go blind
again (Zero Bars) and
by that action, your
the phone is #HACKED.
Within a second, they will empty your bank account, and you won’t receive any alert.
What you will experience. It will appear as though your line is without Network. Meanwhile, your SIM has been SWAPPED.
The danger here is that you will not get any alert of any
transactions, so, please, those of us doing USSD Banking and Mobile Banking, BEWARE.
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