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How scammers get past online banking anti-fraud checks

2024-09-01 795 Dailymotion

Alarming video shows how criminals have been able to get around anti-fraud measures for online banking - using an illegal service.<br /><br />Fraudsters were charged a subscription fee which helped them socially engineer banking customers into disclosing genuine one-time-passcodes, or give other identifiable information.<br /><br />A basic package allowed multi-factor authentication to be bypassed on platforms such as HSBC, Monzo, and Lloyds so that criminals could complete fraudulent online transactions.<br /><br />NCA cyber investigators believe over 12,500 people were targeted between September 2019 and March 2021, when it was taken offline after the trio - Vijayasidhurshan Vijayanathan, Callum Picari and Aza Siddeeque - were arrested.

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