WARNING On Line Banking Fraud: Two step Authentication breach :Sim Swap

On Money Box with Paul Lewis:

Mobile phones and banking security.

Before you do any major online banking transaction your bank may send you a text with a code to enter on the website. This 'two step authentication' acts as protection against criminals who have obtained our banking details. But cyber crooks are nothing if not inventive and they have found a weakness in the two step which they are exploiting. Hear the tapes of how they did it. And transferred two large payments from one Money Box listener's account.

See the programmes web page CLICK http://www.bbc.co.uk/programmes/b06w53bh

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Wow, nothing is safe these days! Thanks for posting, always good to be alert


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