False base station is a new technique
The Bank of Thailand warns that online financial fraud is increasing as criminals turn to false base stations.
The new technique sees fraudsters send text messages to consumers to convince them to install malware- embedded apps on their phones. The malware lets hackers remotely monitor and control the phone to transfer money from the user’s bank account.
Consumers are advised by the central bank not to click on any links sent via these notifications in order to avoid the attempts at fraud.
The Bank of Thailand is warning consumers and banks to be wary of elevated online financial fraud stemming from so-called false base stations.
The central bank has implemented several measures to prevent, detect and respond to fraudulent financial activities, in line with the new Royal Decree on Cyber Crime…
