Mobile Money Fraud or MOMO SCAM ALERT 2022
The number of people who lose big sums of money to fraudsters on the internet and on their phones and are unable to recover it is growing alarmingly.
Meanwhile, mobile phone operators and network providers have been doing everything they can to put in place certain safeguards to protect their customers from being defrauded, as well as exposing the tricks, methods, and strategies used by fraudsters.
We came across a message that, regardless of whether it came from a mobile network company or not, we thought it was necessary to share because it would help people stay informed on recent scam so they don’t become victims like others.
We came across a message that, whether it came from a mobile network company or not, we thought it was necessary to share since it would help people be aware of recent fraud so they don’t become victims like others.
The following is a MOMO SCAM ALERT that we believe will also be of use to you:
Attention of the General Public!!!!!
Your BANK ACCOUNT MAY BE CLEARED WITHOUT NOTICE!
Good day, everyone! please, The SIM SWAP FRAUD is a new HIGH-TECH FRAUD in town, and hundreds of people have already fallen victim to it.
How does it work?
1 A new scam known as SIM SWAP has begun. Your phone network will go blind / zero (No Signal / Zero Bars) for a brief period of time before a call is received.
2 The person on the other end of the line will say that he is phoning from (your mobile phone company) and that there is a problem with your mobile network.
3 He’ll tell you what to do. To re-establish the network, press 1 on your phone.
- At this point, please do not press any buttons; simply cut or end the call.
If you tap 1, the network will appear briefly before becoming blind (Zero Bars), indicating that your phone has been #HACKED.
They will deplete your bank account in a split second and you will not be notified.
What you will go through. While your line will appear to be without network, your SIM will have been SWAPPED.
The risk here is that you will not receive any transaction alerts, therefore everyone especially those of us who use USSD Banking and Mobile Banking should be cautious.
Let us exercise extreme caution.
Please forward this message to your connections, family, and friends. Every day, the rate of fraud rises.
A #CybersecurityGroup sent this.
Don’t forget to share this article. The accounts of many people have been depleted!
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