Key individuals believed to be involved in the OTP scam were handcuffed by mobile operator MTN in collaboration with law enforcement.
Key individuals believed to be involved in the OTP scam were arrested by law enforcement officials in collaboration with mobile operator MTN.A One Time Pin scam syndicate has been bust in Eldorado Park and Soweto, south of Johannesburg.
It is understood key individuals believed to be involved in the OTP scam were handcuffed by the South African Police Services in collaboration with Crime Intelligence, Commercial Crimes,other crime prevention and mobile operator MTN.MTN spokesperson Mthokozisi Ndlovu said the breakthrough comes after a successful search and seizure warrant on properties believed to be headquarters of these OTP scam syndicates.
“The successful raid is a result of a coordinated effort by various stakeholders including anonymous tip-offs. Upon the investigation, MTN and the Commercial Crimes Unit obtained search warrants to raid five properties in Eldorado Park believed to be associated with front businesses, suppliers, call centres and operations of an OTP scam syndicate.
“The scammers then use the customer’s responses, which they obtained during the call, to access the mobile and/or banking applications to transfer funds illegally,” Ndlovu said.Identity or subscription fraud has unfortunately become a threat impacting network operators and customers around the world, as criminals constantly work to find new ways to circumvent fraud prevention systems.
The OTP scam is one of the prevalent fraudulent tactics in the telecommunication industry. Fraud in telecommunication industry often appears in a cyclical manner, based on what syndicates are targeting, at any given time.“We urge all our customers not to respond to unsolicited calls and requests for their security details from an unknown number. Communication to customers is usually carried via platforms such as social media posts and press statements,” Ndlovu said.
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