Scammer use “bulk SMS” to process the fake payment SMS.
What is Bulk SMS ?
Bulk SMS is an act of messaging a lot of people (large scale), using any sender name ( Bank name, Network Name, Company Name And More). It less expensive and very easy to use for anyone.
Information needed to send fake bank alert
Without revealed any information about you, they can’t send you fake SMS. They only need two information about you and your bank alert format.
Your phone number.
Your bank details.
Phone Number: Once your phone number is revealed to the scammers, the operation is very easy for them. And you can’t track them using then service provider Ip address, because they have personal sim card for doing the fraudulent activities.
Bank Details: All they need again after your phone number is your account details (Account Number, Account Name And Bank Name).
The next thing they do is customizing of a fake alert. They wil forward it to you.
Fake alert normally looks just like your bank alert. That is why you can never suspect that it is fake SMS.
But don’t worry I will explain how you can prevent fake bank alert easily in this article.
Here is example of fake payment alert. This alert was sent to the man earlier discussed above. With normal Diamond bank alert format.
How to detect fake bank alert
Now you have know how they do fake payment alert, what they used to send the fake SMS and the information they need to send you the fake alert.
Let now move to how you can easily detect fake bank alert.
Check The Alert Format
Like I said earlier, you can’t detect fake alert from the SMS (if the alert format is same with your bank alert format) but check the message to confirm if the SMS is same with your normal bank alert format.
Because some of them don’t know all bank alert format. If it different from your bank alert format, that means he/she wanted to scam you.