Social engineering could be responsible for FNB and MTN SIM Swap scam say experts - htxt.africa

edited March 2016 in Site discussion

imageSocial engineering could be responsible for FNB and MTN SIM Swap scam say experts - htxt.africa

Some say the current FNB/MTN scam is an inside job. It could just have easily have been executed externally, say experts.

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Comments

  • Hmmm ... "We honestly cannot say because an investigation is pending." That simple statement speaks to the sincere lack of journalistic integrity and credibility being shot down day after day in South Africa. This is NOT a hacking or phishing scam rather a facilitated point of INTERNAL FRAUD on the part of FNB in cahoots with connections at MTN. The lack luster point of accountability for attention to the safeguarding of client funds is at the core of this issue and I can easily say that this bank's rep is shot to no end! Now, when these matters are brought to the attention of FNB (in this case), how is it that banking regulation in minimizing and safeguarding the client against losses from fraud is overlooked? Why does it require a consistent barrage of social media outcries for a monopoly banking system within which FirstRand FNB operates and seems to believe it is above the law. It's a plain crock and these issues of INTERNAL fraud on the part of FNB employees has been highlighted in other consumer sites such www.fnbscam.co.za & www.rottenbank.co.za clearly outlining the modus operandi of this bank viz. lie, lie and lie some more.
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