Elaborate Banking/Phone Scam Scheme | Ramblings of an e-trader

Monday, 19 September 2011

Elaborate Banking/Phone Scam Scheme

Just read about a news report where police has uncovered a new modus operandi by phishers in Malaysia. They would target internet banking kiosks that are not securely guarded and when customers of the bank have concluded their transactions, these phishers would download the customers' data from the computer to their device via the USB port.

With this information, they would also head over to the telco company to attempt to hijack the SIM card. With the new SIM card, where the original one would then have been cancelled by the telco company since the "owner" claims that it has been stolen/lost, the scammers would then be able to easily transfer funds from these victims' bank accounts to their own, since obtaining TAC would no longer pose a problem


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