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Remote Private Bank Scam

As most people are aware of the fact that fraudulent transactions are not possible via the internet. Fraudsters are behind this kind of scams because they know that their transactions will not be detected by the bank and the transaction is made without authorization. The scam works as follows. Remote bank phishers collect sensitive personal information about the victims and send it via email to money transfer businesses and tell them to send money to the recipient via their bank account. This process is called smishing.

Likelihood of victims falling for the scam: Extremely high


Social-engineering scams that aim to manipulate victims to giving over private data.

The smishing scam is a form of email attack where one will send an email to thousands of people pretending to be a business’s executive officer. The email tells the recipients that their account has been blocked for sending very large or abusive messages so the scammers will ask the victims to change their passwords and emails.

This is a spam attack that is largely used by scammers who are trying to lure victims into providing personal information and passwords.

MVNO or Virtual Network Operator Scams

A MVNO is the kind of provider that sells extra minutes or data. All the MVNOs in the world do this because they need to get access to the service that the network provider offers to their customers. To get that access, a MVNO charges some kind of fees. The major scam of MVNO scam is that the MVNO operators in some countries like the UK and the US don’t offer anything to the customer. They just take all the profits. They don’t charge any commission to the customer.