In the latest episode of our Tech Your Business podcast, our host covers an alarming new type of scam that is growing rapidly – bank account hijacking through number spoofing.
This devious scam involves criminals using Voice over IP technology to spoof legitimate bank phone numbers.
They then call victims while appearing to be from the victim’s bank. The scammers claim there has been suspicious activity or fraud on the account, and that the victim needs to transfer funds or provide login credentials to a “new secured account” for protection.
Of course, this is all an elaborate ruse to trick people into handing over the keys to their bank accounts. Once the scammers obtain login details and one-time codes, they can drain the accounts entirely.
In this informative episode, Peter explains exactly how these bank account hijacking scams work through number spoofing. He provides crucial red flags to watch for, such as:
– Your bank calling and asking for personal info/credentials (legit banks won’t do this)
– Claims of urgent fraudulent charges requiring immediate action
– Requests for usernames, passwords, PINs, or security question answers
– Offers to send a courier to pick up cash/cards for “safekeeping”
Most importantly, Peter outlines steps you can take to protect yourself and keep your bank accounts secure from this emerging threat.
With number spoofing scams on the rise, this is an episode you don’t want to miss. It could mean the difference between protecting your hard-earned money or having it stolen by convincing con artists.
Listen to episode 75 now on your preferred podcast platform and please share this crucial episode with loved ones, especially seniors who may be more vulnerable to these types of scams.