#75. Beware of the Latest Bank Account Hijacking Scam

Published in Tech your Business Podcast by Content Team

#75. Is Your Bank Really Calling? How to Spot the Latest Account Hijacking Trick Tech Your Business

Watch out! Scammers are hijacking bank accounts with a terrifyingly clever new tactic – spoofing the legitimate phone numbers of banks to appear like they're really calling you. In this critical episode, you'll learn exactly how these fraudsters are using "number spoofing" technology to impersonate bank fraud departments and trick people into handing over passwords, security answers, and one-time codes to drain funds. Peter breaks down the step-by-step playbook criminals use, including: ✅ Exploiting personal data from breaches to establish credibility ✅ Faking urgency to bypass logical thinking ✅ Requesting account logins under the guise of "protecting" you ✅ Offering to send couriers to collect cash/cards for "safekeeping" You'll quickly identify the key red flags to watch for, like: 🚩 Your bank claiming they need your credentials 🚩 Demands for immediate action without verification 🚩 Requests for private info a real bank would never ask for 🚩 Calls from numbers mimicking your bank's phone line More importantly, Peter reveals the proven ways to shut down these scams, protect your hard-earned money, and avoid becoming the next victim, such as: ✅ Never sharing personal/login details with any caller ✅ Monitoring accounts regularly for suspicious activity ✅ Using multi-factor authentication beyond just passwords ✅ Calling your bank directly using trusted numbers Don't let sophisticated number spoofing scammers hijack your accounts and life savings! Stay ahead of these evolving bank impersonation tactics by watching this episode now. Defend your finances with these critical tips before it's too late. The cost of missing this warning could be devastating. Join our ⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook group⁠⁠⁠⁠⁠⁠⁠⁠⁠ to share and get solutions to the biggest Tech Challenges in your business! ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://web.facebook.com/groups/360336207849530⁠⁠⁠⁠⁠⁠⁠⁠⁠ Every week, your host, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Peter Banigo⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, an accomplished tech and business expert, brings you the latest insights and practical advice to help your business thrive in this digital age. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tech your Business⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ is brought to you by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Target ICT Ltd⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, a leading provider of innovative tech solutions and consulting services dedicated to empowering businesses to reach new heights. The 'Tech Your Business' podcast deciphers complex tech concepts, offering actionable takeaways to help businesses thrive in the digital age. But that's not all – we're also opening the floor to you, our listeners. If you have a compelling story about how technology has transformed your business, or if you've navigated through cyber threats and want to share your experiences, we'd love to hear from you. Your journey could enlighten many other businesses tuning into this podcast and expose your brand. With a wealth of experience and a passion for helping businesses succeed, we are your go-to resources for all things tech, business, and growth. Don't miss an episode – subscribe today and uncover the full potential of your business and if you've got a tech story to share, reach out to us – you could be our next guest. Just sign up to our waitlist at ⁠⁠⁠⁠⁠⁠techyourbusinesspodcast.com/waitlist⁠⁠⁠⁠⁠⁠ Let's explore the power of technology together. #bankscams #accounthijacking #numberspoofing #bankfraud #identitytheft #financialfraud #bankingsecurity #bankimpersonation — Send in a voice message: https://podcasters.spotify.com/pod/show/techyourbusiness/message

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.

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