A new way to trick people over the phone has been found by bank fraudsters. They are now intimidated by loans

They call them on behalf of the credit bureaus and say that banks have requested their credit history several times to provide a loan, possibly to fraudsters. Attackers have mastered a new system to deceive individuals. The callers tell the victim to take a “mirror” loan so that the money does not go to third parties, and return it to the bank immediately, slipping their own bank account with them.

14:53 GMT, Thursday, November 26, 2020


The progression of fraudulent systems

A new fraudulent scheme to take cash from the population is gaining popularity in Russia. Attackers call potential victims and present themselves as credit bureaus’ employees, claiming that the unknown want to use their passport to take out a loan.

“The swindlers call, posing as credit bureau employees. They inform the subscriber that three or five requests from the largest banks for his credit history (CI) have been received. “When the victim objects that she has not submitted any loan applications, the bureau’s pseudo-employees lead her to believe that someone is trying to get loans on her behalf right now,” RIA Novosti told the United Credit Bureau.

After talking about this, scammers start to wonder if an individual has recently lost his identity documents, finding out which banks he uses along the way. They notify the interlocutor, having specified the information they need, that they will transfer it to his bank’s security service (or banks).

image source: shutterstock

The call from “bank”
The scammers call her again some time after the first conversation with a prospective victim, this time posing as bank employees and confirming the reality of an attempt to take out a loan for her passport data. They then report that there is a way to prevent the comfort of your home from doing this.

The victim is informed that a ‘mirror’ action must be carried out as soon as possible in order to prevent illegal manipulation of her passport data i.e. to submit an online loan application immediately and to inform the caller of all confirmation codes received from the bank. The victim will simply need to transfer the borrowed funds to a particular account after receiving the loan, after which the loan will be closed automatically.

“The account belongs, naturally, to the fraudsters themselves,” stressed the United Credit Bureau.

As a result, not only does a person deceived by a fraudster not close the loan he personally received, but he transfers all the money to the attackers, after which he remains face to face with a new debt to the bank, which, depending on the size of the loan, he will have to close within a certain time.

Other Credit History scams


In other systems of illicit enrichment by deceiving law-abiding citizens, credit histories are used by swindlers. Alexei Volkov, director of the National Credit History Bureau (NKBI), told RIA Novosti that “clients” have often been offered by fraudsters to enhance or completely remove CI recently.

The scammers offer to “fix” or “delete” the credit history if you manage to intimidate a client or reveal his urgent need for a loan. Remuneration – from rubles 30 to 300 thousand. “The “client” is of course simply losing money, “he said.

United Credit Bureau representatives also spoke about the massive distribution of fraudulent resources disguised as the CI Bureau websites. “The owners of such sites spend significant funds on contextual advertising, so people who want to know their credit history can notice them in the first positions of search results. In the best case, for an unreliable report, the harm will amount to several hundred dollars. At worst, the personal data of the victim can be used for further fraud,’ the bureau said.

Russians who already have one or another loan can also fall under the sights of fraudsters. For instance, on behalf of the credit bureau, they may receive a call and demand that the loan be repaid as soon as possible, otherwise the CI will be permanently damaged.

The Equifax credit bureau cited such an example – its officials said that scammers, claiming this, offer victims the transfer of money to close the loan and provide them with their own account numbers.

The company also clarified that clients are not called by the credit bureau, and that callers allegedly should not be trusted on their behalf from the very beginning.

How to handle scammers
Using software to block undesirable calls is the most effective way to protect yourself from scammers. Special applications with a database of compromised phone numbers exist for iOS and Android, plus many firmware for Android smartphones, such as Xiaomi MIUI, have a standard anti-spam system.

Peoples with an active civil position may contact a telecommunications operator or a bank with a message stating the telephone number and a call to the scammers. Furthermore, you can write a statement about an attempted fraud to the police.

Aid to the State
Telecom operators themselves will begin to destroy an enormous network of fraudulent “call centers” in the foreseeable future. It remains a mystery why they have not started to do this yet, but the authorities want to force them to do this.

The document discusses, among other things, the concept of “fraud” (from the English fraud – fraud). The authors of ‘fraud’ mean calls from spoofed numbers using technical means or unauthorized access to telecom operator equipment, resulting in a violation of the rights of third parties and the security of the network of the operator.

According to the bill, telecoms operators will be obliged to combat fraud using the above technologies. The issue of telephone spam will also have to be resolved – in the bill, this means incoming calls and text messages with advertisements to which the user has not consented.

But the authorities also want to overcome this problem: at the beginning of October 2020, in the first reading, the State Duma adopted a bill allowing SIM cards used on the territory of correctional institutions to be blocked. The authors of the document are confident that the new measure will significantly reduce the number of fraudulent calls, as approximately half of these “call centers” are deployed in locations that are not so remote.