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WhatsApp scammers are hijacking accounts and solicit money from your contacts

9 January 2020 5:10 PM
Tags:
WhatsApp
whatsapp scam
porting scam
In the new scam, fraudsters siphon money from friends and family by impersonating the victim of the hijacked WhatsApp account.

There's a new scam on the rise that sees fraudsters hijack WhatsApp accounts to extort money from contacts on the app.

The scammers are using number porting to take control of an unsuspecting victim's WhatsApp account, explains Business Insider journalist Phillip de Wet.

The fraudsters ask the friends of the victim for money on WhatsApp under the guise of an "emergency".

They ask that the cash is transferred immediately through electronic cash-send services such as FNB e-wallet.

De Wet has written an explanation of how the scam works in a Business Insider article.

According to De Wet, scammers have managed to exploit system failures within the big cellphone networks, including MTN and Vodacom.

The fraud usually relies on first hijacking a phone number by porting that number to a new network, and a new SIM card under control of the scammer.

They take over your cellphone number. Setup WhatsApp, impersonate you and ask people for money.

Phillip de Wet, Associate Editor - Business Insider Inc

De Wet says this new scam has highlighted the needed for users to secure their WhatsApp accounts with two-step verification.

Without this added layer of security, victim's of the scam can also be locked out of their WhatsApp accounts for at least a week.

The time has come for all of us to take our WhatsApp security a lot more seriously.

Phillip de Wet, Associate Editor - Business Insider Inc

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9 January 2020 5:10 PM
Tags:
WhatsApp
whatsapp scam
porting scam

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