Aussie loses $120,000 in 24 hours after fraudsters use worryingly simple tactic - and you won't believe how the bank responded
An Australian charity worker has revealed how fraudsters took $120,000 from his bank account while he was camping with no phone reception. Armen Arakelian was camping near the Snowy Mountains with no phone reception over Christmas as fraudsters were hacking his phone and draining his bank account Mr Arakelian told 2GB's Ben Fordham on Thursday the fraudsters had taken the money out of a home loan account. Mr Arakelian alleged HSBC tried to get him to sign a form saying he authorised the transactions When asked what his telco Optus said about the number 'porting' issue, Mr Arakelian said he was 'picking his battles' and currently had his hands full with HSBC. A worrying phone 'porting' scam in which hackers transfer your number to their device is becoming increasingly common, the ACCC said 'Scammers transfer mobile services from one provider to another to steal your identity and your money.
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