As E-levy is about to start on May first take note not of this few steps fraudsters might use to swindle your money.
The fraudster starts by sending an SMS notification to a targeted victim’s phone, signaling that he or she has been rewarded with money as a result of winning the promotion.
“A few minutes later, the fraudster calls back but this time under the pretext of being an employee of a telecommunication network, and warns that their system had detected attempts by some person(s) to defraud him or her.”
“Based on this, the targeted victim would be advised to proceed to a nearby mobile money vendor to get the scam attempts blocked. At the mobile money vendor, the fraudster requests to speak with the operator directly on the victim’s phone.”
On the blind side of the victim, the fraudster authorizes a cash transfer from the vendor’s account to his, which the victim is expected to make payments.
“After the transaction, the mobile money vendor asks the victim for payment, only to realize they have both been defrauded.”
Mobile money vendors should ensure that they collected money before initiating a mobile money transfer.
It is not advisable to entertain any phone conversations with fraudsters and under no circumstance should you share your mobile money PIN with anyone.
“Also you should note that authentic mobile money messages follow existing trends in the SMS inbox. The message is not sent through personal SMS telephone numbers.
SOURCE:MTN
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