Criminals are finding new ways around the “Two-Factor Authentication”
The user sets up his or her credit card or bank account using a live “one time” code sent by the financial institution.
If the hacker has gotten hold of your financial information – they typically call you, claiming to be with your financial institution and warns you about a problem with your account.
The caller then tells you they are either e-mailing or texting you – your one time code. They ask you to read it to them for verification.
Now the hacker has access to your account.
Never, Never, Never give your one-time code to anyone. No legitimate financial institution will ask you for that. Hang up on the person and contact your institution and report the con to their fraud department.
Check Out Our Posts on Fraud Survival
Get News & Blog
Protect yourself and your money from scam calls, text messages and e-mails and understand how the pros are fighting.