Now, scammers have upgraded their strategy, they don’t even need your ATM card, BVN or even your mobile phone number.
Please, let’s be very careful. There is a new HIGH TECH FRAUD in town called the SIM SWAP FRAUD, and hundreds of persons are already VICTIMS.
How does it work ?.
1) A new fraud called SIM SWAP has started. Your phone network will momentarily go blind/zero (No Signal/ Zero Bars) and after a while a call will come through.
2) The Person on the other 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 in your mobile network.
3) He will instruct you to Please press 1 on your phone to get the network back.
That’s it. Don’t even think of pressing anything.
Please, at this stage, don’t Press anything, Just 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 phone is hacked.
Within some minutes they will empty your bank account, and you won’t receive any alert.
It will appear as though your line is without Network, meanwhile your SIM has been SWAPPED.
Swapping your SIM means exchanging your SIM card with them and thereby giving them full control of your account.
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 let’s be very careful. Many accounts has been emptied and even some people reading this now might have almost fall a victim of this.
What do you do when this happens ?. Once you start experiencing zero bars of network, it’s best to reboot your phone, doing that ends any hacking code they are doing at the moment.
Don’t answer any call telling you they are fr your bank, your bank can never call you on phone and ask you to press 1 or any other number.
Also report any case of such experience to your bank to help you secure your bank account more and track the transaction.