5 Ways Fraudsters Use to Get Into Your Account: Beware

Every day, fraudsters use a variety of information to take money from people’s bank accounts, one of which is the Bank Verification Number (BVN). Who says scammers can’t withdraw money from your bank account using your BVN? It’s very doable, my brother, with additional details like your birthday and a one-time password. If you are currently reading this article, we will expose the 5 tricks they pull to get access to your account to steal money.

1. OTP Code

Fraudsters can withdraw money from your bank account utilizing numerous internet platforms using BVN, BOD, and OTP. Read also: 4 Ways to Protect Your Online Business From Credit Card Scams

Here are five ways that scammers might obtain your BVN and BOD and use them to withdraw funds from your bank account.

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2. Phone Number

Some people post their phone numbers on social media; they can use your phone number to call you and persuade you to give out your BVN and BOD by claiming that you are having issues with your bank account or ATM.

3. Email Address

Fraudsters use a variety of email addresses that seem similar to those used by banks. They can use any of your emails to send you an email asking for your bank account information. Checkout: 9 Ways To Save Your Electricity Consumption

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4. Unsecured Loan Websites

Unsecured loan websites can be used by fraudsters to obtain your  BOD. Applying for a loan through an unlicensed loan website is never a good idea.

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Because fraudsters might obtain your BVN and BOD from lost phones, it’s not a good idea to keep your BVN on your phone.

5. Bank Verification Number

Fraudsters can obtain your bank account information from discarded documents containing your BVN and BOD.

Unsecured loan websites can be used by fraudsters to obtain your BVN and BOD. Applying for a loan through an unlicensed loan website is never a good idea.

Because fraudsters might obtain your BOD from lost phones, it’s not a good idea to keep your BVN on your phone.

Have you ever been duped?

Please share your story in the comments section below, and please share the piece on other social media platforms so that others can read it.

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Source: Nyscinfo

Updated: October 14, 2021 — 7:35 pm

The Author

Stephen Adoga

Stephen Adoga is a trained journalist, researcher, creative writer, content creator, video editor and freelancer. He studied Mass Communication at the Lagos State Polytechnic, Ikorodu, where he acquired requisite training for the practice of journalism. He loves the media. His interest mostly lies in the print medium where his creative writing skill makes him a perfect fit.

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