Thailand’s largest commercial bank and financial partner with Ripple, SCB has revealed that people have found a way to compromise customer funds and information through the LINE app.
According to an official announcement from the bank, scammers have found a way to exploit the app, to access customer information. Since the SCB uses LINE to keep in touch with customers and clients, fraudulent people have begun to use it, and quite a few scams are springing up.
Usually, the scammers create fake SCB customer service accounts on the app and then use those to contact unsuspecting customers. These scammers then proceed to offer the customers all kinds of banking offers, pretending that they are official offers from the bank. Interested customers are then asked to confirm their identity by parting some personal information such as their ATM and mobile banking pins, as well as their dates of birth.
The bank also offered customers ways to spot a scammer. According to the SCB, these fake accounts do not have a blue or green shield symbol in front of their account names. In addition to these, a lot of these accounts use unprofessional language and also misspell a lot of their words. The bank recommends that all customers block these accounts.