Staff,not staffs

Remman:
It means you don't know how computer database works. Do you know what "ADMIN" "BACK-END" "C-PANEL", ETC. means in a computer database network management system? Bank staffs involved in this hack is like a syndicate.

Similar thing happens in most hotels where almost all the Staffs would come together to steal from the hotel and share the money anonymously.

Based on the complexity of technology in place now, it is almost impossible for staffs not to be involved in such fraud. Even if FBI is investigating bank fraud, they first do research on all the staffs.

You simply don't know how this works. Do you?

SouthSouth1914:
Bank staffs are responsible for 95% theft!

Very false accusation.

Rich4god:
I have seen countless thread on FP where someone's account got hacked and his money wiped or where someone went to use ATM, the card got trapped and within minutes he starts getting alert.

What got my attention is that, on those threads, the majority of the comment you see there are pointing fingers to bank staff, that they are the one who collabo with scammers to wipe your account.

From my experience, the only way a staff can have access into your account and go uncaught is mostly when your alert number is not working or 3 or more staff collborate to steal for fund, because the chain of approvals in bank requires two or more person to approve a change of details in your account.

1) A staff can steal your fund if he successfully change and alert number, then forge your signature and carry out a transaction on your account. This way, you wont receive alert and will not be in the know of what has happened to your account. But any day you come to the bank and find out what happened, the staff will definitely be caught except if he has left the bank before you raised alarm.

Why this cannot work. To deactivate or change your alert number can be done only at customer service and requires multiple levels of authorisation. Then to perform a transaction on your account can only be done from teller point or fund transfer unit. Now, teller/fund transfer is a different unit from customer service. Hence this type of fraud is highly unlikely, except there is a collabo, between staff across units and also the senior authorising staff.

2) If a staff gives your details to a fraudster; the only scenario where this will happen is when the staff forge your signature and then look for a fraudster who will come into the bank and pose as you, then decieve the processing staff into transacting on your account.

Why this cannot work. Except an old generation bank, these days before performing a transaction on a staff account, the customers finger print will have to be verified and if the verification isnt successful, the transaction cant be processed. So this method is an old method.

3) When you card got trapped and you feel the staff took it and withdraw your money. This can only happen when the staff happen to know your ATM pin. Yes, some sites and eCommerce stores are configured in such a way that you can use ATM card to make purchase without entering your pin, but in this case, there will be a soft token sent to your line for confirmation. So for someone to make use of your card for payment/purchase, it then means that your pin is well know to the person.

Your card got swapped....

Except a staff is about to resign of japa, a staff will unlikely "touch" a customer's account because as long as the staff is still in the system, he/she will definitely get caught.

Disclaimer... Am not in any way saying that staff dont compromise customer's account, just that in most cases of account hacking, bank staff are higly unlikely to be involved.

I travelled out of the country only to see that ZB debited me about 200k. I ignored it. A month later, they debited me same amount. And the transaction history reads a form A I did with them over 5 years ago. I had to block the account. I plan to take it up when I return, God willing.

LordIsaac:

I travelled out of the country only to see that ZB debited me about 200k. I ignored it. A month later, they debited me same amount. And the transaction history reads a form A I did with them over 5 years ago. I had to block the account. I plan to take it up when I return, God willing.

You said transaction read "Form A"... Its likely not a fraud, when you come back you meet them to explain it.

Rich4god:


You said transaction read "Form A"... It’s likely not a fraud, when you come back you meet them to explain it.

It happened twice…same amount. It stopped after I blocked the account. That’s the problem.

Beautiful and educative post



But I noticed something

People reading this only liked it without sharing
How will this information get out if nobody reads it
AND NOBODY IS GONNA READ IT IF YOU DON'T SHARE IT

Learn to not only like a post BUT ALSO SHARE so others can read too

Which fintech pos is widely used for scam

Lately, your bvn details and other details can be used to register an account without you being aware of that account. It is mostly done with Moniepoint.

Hydroxide:
Lately, your bvn details and other details can be used to register an account without you being aware of that account. It is mostly done with Moniepoint.

Yes o....

It's why we have to keep our details safe.

One can use your BVN details to open account in some fintech apps, then use the account to collect loan, later main account will now be debited during loan recovery, then you will be wondering when you collected the loan.

LordIsaac:

It happened twice…same amount. It stopped after I blocked the account. That’s the problem.

If you are coming back soon, meet them and they will explain. Or you can chat them on twitter, am sure they do respond, let them provide explanations for you.