Phishing Scam

[Dolby]

Often wondered how exactly they works?

I understand the fake website to get the username/password ... but what then?
They can't create a beneficiary or do anything with the OTP/cellphone?

I know the new way is to intercept - but I thought this was only recently?
How did they do phishing in the past - or have they always needed to intercept?

[R13...]

There was no OTP in the past. The new scammers expect you to also send them your OTP so you have to be a total plank to fall for it.

[Frikkenator]

There was no OTP in the past. The new scammers expect you to also send them your OTP so you have to be a total plank to fall for it.

Lately they do a simswap on your account, meaning they will get the OTP.

The phishing scams are one of the main reasons banks implemented OTP, so before that it was quite easy.

[Dolby]

So the *scam is old, as banks have OTP for many, many years ... ?

* excluding SIM swap variation

[R13...]

So the *scam is old, as banks have OTP for many, many years ... ?

* excluding SIM swap variation

OTP isn't that old. When banks implemented OTP the thieves switched to getting your details and then buying enormous amounts of airtime to sell on I presume. Then the banks made buying airtime without OTP impossible and apart from those vodacom guys who intercepted someone's SMS they don't succeeded too often.

[R13...]

This landed in my inbox this morning,

FNB the MORE GIVE Bank is even giving more to our esteemed clients
We are currently returning part of the charges on transactions that have been carried out on your account. This is as a result of our new resolution to give back to our loyal customers.

We can either deposit the amount into your account or send you a Samsung Galaxy Tab/Smartphone as soon as you confirm your WALLET STATUS

In order to confirm this, Kindly click here now.

NOTE: IT IS VERY IMPORTANT THAT YOU ENTER ANY OTP SENT TO YOU

Regards,
© Copyright 2010 FNB. All rights reserved. Absa Bank Limited registration number: 1929/001225/06.
Authorised Financial Services Provider and a registered credit provider (NCRCP20)

[Frikkenator]

This landed in my inbox this morning,

Lol, at least the ABSA Bank registration at the bottom of an FNB email doesn't look fishy!