Cyber Syndicate Hits Malaysian Banking Clients
A source recently revealed that dozens of Malaysia bank account holders have been hit by a scam where they were duped to provide their online banking security numbers which led to their funds being stolen.
The source said that a syndicate member would call the account holder and say that he had submitted the wrong mobile number when registering for his online banking account so the TAC number was accidentally sent to the victim instead. TAC numbers are six-digit numbers sent to the registered account owner’s mobile phone for verification.
This would lead the victim to reveal the TAC details to the scammer who would then use it to transferring out the money from the account.
Source: Straits Times