Amid challenging times, the incidence of getting easy money even through illegal means becomes attractive. Globe issues this warning for customers to stay vigilant and raise awareness on how to protect one’s data to prevent being victims of fraud.
A modus called “SIM swap scam” is the last step carried out by scammers, in order to take over an individual’s financial accounts — bank account details, trading information, e-wallet and/or credit cards.
This modus often involves a victim who’s been long targeted for the scam. The fraudster has invested time to gather bank account details, email addresses, online credentials, personal facts and identification together with the mobile number registered with the bank for sending a one-time password (OTP). The last leg will be to take over the SIM of the mobile number registered for the OTP sending. (more…)