SMS banking fraudBy Thomas McKinnon 13 July 2009 | Categories: news
The Commercial Crime Police arrested two suspected members of an alleged SMS banking fraud syndicate in Johannesburg late last week, reports the Citizen.
One of the men arrested is a Vodacom employee. The suspect apparently diverted SMS notifications sent to bank customers so that personal details such as account numbers and account balances could be accessed.
Police believe the syndicate is working with bank employees to gather inside information on which accounts to target. Apparently only users of the Vodacom network were targeted.
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