ID theft = to get hold of different pieces of personal and financial information from various sources, posing to be who you are not, to result in financial gain at the cost of the victim. That’s why I hate if even banks try to verify identity over the phone by asking my ID number, which I have to give in such a manner that everyone in the vicinity can hear and start building up a profile …
Fraudsters first steal your bank password(s) via Phishing and then they do a bit of social engineering to get your cell number. Once they have the cell number it is easy to get a SIM swap. All of this is simply just too easy… L … and the saddest part is you have zero recourse: The loss is yours!
Social engineering …. The fraudster can even be calling the bank pretending to be you; to get the missing information; or calling you pretending to be the bank; give many personal information to make you at ease … approaching colleagues, your secretary, etc. … or any way they can think of. Unfortunately it does work in some cases … L …
Quoting out of the above …
“Eddie Moyce, Chief Customer Experience Officer at MTN SA, said that there is a misplaced belief that mobile network operators are liable when it comes to SIM swap fraud. Moyce explained that a fraudster needs the Internet banking details to commit this crime. While it is known that all the cases involve fraudulent SIM swaps to intercept a customer’s Random Verification Number (RVN), there is still uncertainty as to how fraudsters gain access to the victim’s Internet banking details (hence username and password).
ABSA has previously indicated that phishing attacks are usually behind leaked Internet banking usernames and passwords. However, many of the SIM swap victims deny that they fall prey to a phishing attack. These are some of the scenarios as reported by SIM swap victims:
–The victim did a SIM swap, and soon afterwards their SIM died and money is moved out of their Internet banking account
–The victim may have been a phishing victim, and their SIM then went dead and money is stolen using their Internet banking details
–The victim reports that there was no requested SIM swap and they did not fall victim to any phishing scam. Their SIM suddenly went dead, and money is stolen from their account using Internet banking”.
Someone will always get through the best of precautions; security with internet bank transactions, as with the houses we stay in, is a layer thing. Be aware that ill-intenders can at this moment be on the look-out, waiting for you to make that that one wrong step, to fill in the last piece of the puzzle to make you the next victim of some sort of identity fraud …
Please find herewith the Hot Spot (Smash and Grab) areas as per Lyttelton Police Station.
Colonel Paladh asks that security company vehicles and CPF patrollers visit these areas between 17h30 and 1930 on a daily basis.
Keep your eyes and ears open and report any suspicious behavior direct to the SAPS or the JOC @ 0861 571 911.
The SAPS need our help to prevent these smash and grab incidents.
We thank you all for the continuous support in the fight against crime.
LS1 CPF (Sponsored by Zwartkop Fight Against Crime) recently launched our First aid kit for families/patrollers or to take along in your vehicle. We are hoping to get some sponsors for this excellent compilation! The kit is currently priced at R375 (orders at email@example.com or 0832899781)
LS1 CPF recently hosted a Self Defense & Situational Awareness event for Ladies. This event was attended by approximately 60 ladies and was thoroughly enjoyed by all. SAPS shared years of experience and instilled a mind shift in personal safety. A follow up will be arranged early in 2019. Our next event is scheduled for […]
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