Dear All, Please let’s be very careful.. There is a new HIGH TECH FRAUD in town called the SIM SWAP FRAUD, and hundreds of persons are already VICTIMS.
How does it work?
1 A new fraud called SIM SWAP has started. Your phone network will momentarily go blind / zero (No Signal / Zero Bars) and after a while a call will come through.
2 The Person on the other end of the call will tell you that he is calling from (your cell phone company) depending on your network and that there is a problem in your mobile network.
3 He will instruct you to Please press 1 on your phone to get the network back.
– Please at this stage don’t Press anything, Just cut or END the call.
If you press 1, the network will appear suddenly and almost immediately go blind again (Zero Bars) and by that action, your phone is #HACKED.
Within a second they will empty your bank account, thereby causing you untold damage.
What you will experience
It will appear as though your line is without Network, meanwhile your SIM has been SWAPPED.
The danger here is that, you will not get any alert of any transactions, so please those of us doing USSD Banking and Mobile Banking BEWARE. Let’s be very careful.
Please, educate your loved ones and friends. The fraud is increasing day by day.