Fraudsters are stealing from bank accounts by diverting calls and text messages
The fraudsters are stealing a large sum of money from the victim’s bank accounts by taking the control of their mobile phones and then intercepting the texts messages sent by the banks. The fraudsters are again gathering as much info as possible on the victims and using a method we warned the public in the past named SIM splitting, to gain the access to bank accounts of people. This is the Money investigation found which one victim from the London lost £22,300 when these fraudsters raided their Santander accounts using the method. Two more victims had drained £19,500 from their accounts after the criminals intercepted their bank’s text messages. How does this fraud work? Step 1: Initially the fraudsters have harvested as much as they can about the targetted individual. This includes intercepting their post, searching public information on the search engines/social media, tricking them into the installing of malware or buying the information from the Organised Crime Groups. Step 2: ...