STOLEN CELL PHONE – Your banking app is at risk

STOLEN CELL PHONE – Your banking app is at risk!

In the event you lose your phone, or it is stolen, it's crucial to unlink it from your banking profile immediately. This advice extends to other mobile devices like tablets and laptops.

Here's how a fraudulent scheme might unfold:

• Step 1: The perpetrator
  The individual behind the fraud gains possession of your smartphone and proceeds to send an SMS notification to one of your emergency contacts, or a family member. They masquerade as a representative from the phone's manufacturer (e.g. Apple Support), offering assistance in locating the device. They provide a link embedded in the message, resembling official communication from the manufacturer's support service.
• Step 2: You, the user
  Upon clicking the link, you're redirected to a deceptive website designed for phishing. Here, you're prompted to input sensitive details such as your Apple iCloud username and password; making you a victim to the fraudulent scheme.

Security Measures

• Immediately unlink your device from your banking profile using another device.
• If access from another device isn't possible, promptly visit your bank's nearest branch or contact their fraud line for immediate assistance in delinking the device.
• Never store any sensitive information, such as usernames or passwords, on your mobile devices to mitigate potential risks.