Bank Scam: One Click on an SMS and Your Account is Empty!

It is via a single link sent to your mobile that the scam begins. If you click on it, you may quickly run out of money in your bank account.

Nothing really new in the realm of scams, the technique has been around for years, but the phenomenon is growing and the sums stolen are more and more substantial.

There is no question of any kind of credit card scam using stolen numbers. No, it is rather in your bank account that the fraud takes place.

There is nothing better than to help yourself directly at the source. When you receive a message on your mobile from a stranger, who invites you to click on it to view a web page, don’t click on it.

If you do, your smartphone may well become infected with malware. The sender of this link can sometimes even pretend to be your bank.

And as soon as you log into your bank account, the malware will record all your login details and forward them to the hacker who sent the fraudulent message. All he has to do is connect to your bank account to empty it completely.

The SMS scam is not new, but its evolution is becoming increasingly worrying. According to the AFUB (Association française des usagers des banques), this is the second subject of complaint that the association is currently registering.

Between March and October 2019, the authorities reported 61,000 cases of infection, a 40% increase over last March.

If You are The Victim of Such a Fraud, How Can You Recover The Amount Stolen?

This type of scam is also coming back on the table because the average amount of fraud is getting higher and higher: today, it is on average 12,000 euros.

Although consumers are the main target of this scam, it seems that it targets in particular certain banks and changes victims regularly, every 6 months or every year.

What to do in case of fraud? Serge Maitre, the president of the AFUB, explains that all bank transfers should be immediately stopped.

It is then necessary to send a registered letter to your branch to explain the scam. 90 million was repaid by banks in 2018, as explained in the annual report of the Observatoire de l’inclusion bancaire.

Do not hesitate to contact the AFUB to help you in your efforts. However, hundreds of millions of euros have not yet been returned to the victims.

If you find yourself in this situation, the only recourse is to take the case to court. The procedure is long, but it can work in your favour, as Serge Maitre reminds us.

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