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Scam alert: Fraudsters stealing mobile phone numbers to drain banks

Tags: law and order technology

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The Telecommunications Industry Ombudsman says Australians are having their bank accounts drained due to theft of an individual’s phone number.

Fraudsters can steal your phone number by calling your telco and convincing them to switch the number to a new SIM card, which is in their possession. Once someone has access to your mobile number, they can use it to access your bank account and emails.

Judi Jones, Telecommunications Industry Ombudsman, speaks to Brian Carlton about this sophisticated scam, and what you can do to stop this from happening.

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