A New Danger from Digital Thieves
Monday, January 18, 2021
A new method of stealing money from bank accounts by hijacking customers' telephone numbers is on the rise. Banks cannot avoid responsibility.
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THE government and the banking industry must anticipate the rise of a new way of stealing from customers’ bank accounts using applications on cellular phones. These digital thieves are now smarter at stealing customers’ telephone number data, then using it to hijack the banking applications on their devices. Without a satisfactory early detection system, bank accounts can be emptied in a short time without the need for the thief to be
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