How to detect a fake bank alert

Fake bank alert is real and we all must have heard numerous stories of people who received credit alerts after carrying our transactions with other people, and thinking the money is already in their accounts, only to check their account balance or go to the bank to withdraw the money and realize nothing was paid into the account.

In this post, I’ll be telling you how scammers send fake credit alerts to people, and also how to detect if a fake credit alert has been sent to you.

I personally know someone who has experienced this and almost ended his life because of depression. This act carried out by fraudsters is called ‘Fake Bank Alert’ or ‘Alert Flashing’.

Well, some of the methods these scammers use to send fake credit alerts to people has been revealed by a scammer who was caught and handed over to the police.

According to him, this ‘fake credit alert’ scam is carried out using a method called ‘Bulk SMS’. This scam is actually simple to carry out because all the scammer needs is your phone number.

These scammers already have a special ‘high level’ SIM cards crafted specifically for the scamming purposes.

If the scammer gets your phone number, and bank details, they customize a fake SMS which would look exactly like your bank’s credit alert SMS, and then add the amount of money you both agreed on.

And within seconds, you’ll receive an alert that’ll look like it came from your bank. The message will look real and genuine and you won’t suspect a thing!

Another method used by these scammers is through a website called “tunnel.com”, with the use of a virtual private network called “Cyber ghost”.

With this ‘Cyber ghost’ software, scammers can actually hack into any bank, pick alerts from the bank data and send to someone, and the bank will have no idea about it. This is a high level scam often used by scammers who want to defraud someone of millions of naira goods like cars or other expensive products.

And after sending you the message, they’ll quickly take whatever they bought from you and leave.

Now, if you normally carry out business transactions using ‘cashless method’, it’s important to do the following before giving out your product to someone who transferred money to your account.

1. If someone say they transferred money to your account, please make sure that the credit alert you received contains your ‘available bank balance’. If the SMS alert does not contain your available balance, then something is wrong, because any authentic SMS alert from your bank must contain the remaining balance in your account.

2. Simply check your account balance using your bank code or via your mobile app. Don’t just see the alert and conclude the money is in your account. Or if you have an account manager, call him/her and verify if there has been a transaction in your account.

These are some of the methods these scammers use to defraud people, and also ways to find out if you’ve been scammed.

Let’s all be careful when engaging in cashless transactions and internet banking to avoid falling victims of these scams.

Please, if you know other ways these scammers use in defrauding people, kindly type it in the comment section, to create awareness about this bad act and reduce the rate of frauds in Nigeria!

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Austine Ihechukwu is a Chemistry Education graduate, a prolific writer, Social and Political Commentator. Austine is a seeker of knowledge and a fitness Enthusiast with interest in Sports, Entertainment, Tourism, Technology, History and Business investments. Mr Austine has over a decade experience in Journalism and freelance writing

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