Are you aware Your Mobile Money and Bank Accounts can be Emptied without an Alert?
There is a new High-Tech Fraud called SIM SWAP FRAUD, and hundreds of persons are already VICTIMS.
The SIM Swap
The Sim Card Hacking, also known as a SIM Swap Attack, SIM Port Hacking, or SIM Hijacking, occurs when a hacker persuades your cell phone carrier to move your cell phone number over to their device instead of yours.
Fraudsters employ this SIM swapping as a way to receive one-time security codes from banks, cryptocurrency exchanges, and other financial institutions without your notice.
How does it work?
- Your phone network will momentarily go blind /zero (No Signal / Zero Bars) and after a while, a call will come through.
- The Person on the other end of the call will tell you that he is calling from your cellphone carrier provider and that there is a problem with your mobile network.
- He will instruct you to Please press 1 on your phone to get the network back.
Caution
Do not fall prey to it. Immediately end the call and restart your phone. If you don’t but go ahead to press 1, the network will appear suddenly, and will immediately go blind again (Zero Bars) and by that action, your SIM is HACKED with all your details going to the fraudster.
Within a second he will empty your MOMO and Bank Account, and you will not receive any alerts.
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 alerts of any transactions.
Those doing USSD Banking and Mobile Banking should be BEWARE and be very careful.
Most importantly, avoid clicking on any link you see, especially those captions as give-aways. They are mostly from fraudsters to get your data.
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