Lorraine Pelser:
Miems Van Rhyn:
SIM SWAP FRAUD
Dear All, Please lets 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 it works
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 side will tell you that he is calling from Airtel / MTN / 9 mobile / Glo 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 the call.
If you press 1, the network will appear suddenly and almost immediately go blind again (Zero Bars) and by the action, your phone is a HACKER
It is increasing day by day. Within a second they will empty your bank account and cause you enough 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. So please be careful.