E-Banking Fraud
Most e-banking fraud cases are due to the negligence of the
customer who disclose their personal identification numbers
(PIN) and passwords to a third party. In most cases, the victim
receives an SMS alleging that the victim has won a cash prize.
To claim the price, the victim is instructed to open an Internet
banking account and follow instructions given by a stranger.
This includes disclosing their PIN. A mobile phone syndicate
acts as the medium to receive the SMS with the bank’s
verification code. Other methods include phishing – tricking the
victims into disclosing their bank account or credit card info
by sending an email that look like they’ve been sent by a
legitimate bank, asking the victim to disclose personal info, or
directing them to a fake website that resembles a legitimate
website.
|
|