BSP advises customers on hoax mobile SMS

BSP Customers have been advised of a hoax circulating in the country through mobile texting.

The advice states that one might receive an SMS from a number similar to the one that they get bank notifications from.

The SMS will indicate a problem on their account and a 'consultant' will contact them.

When the 'consultant' contacts the person, he/she will start confirming all the details and account number and then ask for the type of phone the person is using.

The fraudsters will then contact the persons cell phone provider and perform a SIM Swap.

The fraudster will then be able to receive O-T-P's or One Time Pins, and/or R-V-N's or Random Verification Numbers from your bank and have access to your bank accounts.

By the time you realize that your cell number is not working your money will be out of your account.Bank South Pacific has advised customers to ignore the text message by simply not replying, and further appealed to customers not to panic.

BSP has in place a two (2) factor authentication: This means that you need log in ID, password and your phone to receive SMS One Time Passcode to transfer funds.

So with your mobile number alone they cannot access your bank account.

BSP says its important that you not share your log in ID and password with anybody, not even if they say they are working for BSP.

BSP will never ask you for those details.