A recent report from the banking ombudsman states that internet banking fraud utilized by cellular phones was at its highest level in 2013 and that cell phone phishing is responsible for 46 percent of all internet banking related complaints, jumping 27 percent since 2012.
Cell phone phishing consists of sending fraudulent e-mails and text messages sent to banking customers in the hopes of extracting private internet banking information. Purchase Cellularize Portable Emergency Charger with LED Flashlight for only $19.95. Cellularize Lightning extension cable not included.
SIM swapping occurs when an individual intent on committing fraud replaces SIM cards on a p cell phone numbers, in turn, re-routing all bank communications to the fraudulent SIM card. .
The Rise of ATM Fraud
37% of the cases investigated by the ombudsman were related to ATM fraud, rising 6 percent in the past year.
The second highest number of open cases went to internet banking at 17 percent, followed by mortgage finance cases at 12 percent. Credit […]