| 06.10,19. 01:17 AM |
Mobile phone hacking scam, the simple sign you need to look out for
FILE | If your phone suddenly loses all bars of reception, you could be the target of hackers. Credit: GETTY
More than $23,000 was lost to phone porting scams last week, a terrifying
trend with one telltale sign.
Australia's consumer watchdog is warning of the rort, as well as alerting users to the telltale sign their bank accounts are in jeopardy.
Phone porting is essentially when a scammer takes an existing phone number and transfers it to their own.
A stolen mobile number can then be used to receive SMS notification codes, allowing criminals access to bank accounts and other services.
It generally closes the old account, meaning the victim's phone will display "no service" where reception bars would be.
The Australian Communications and Media Authority are also aware of the scam and fear it's getting out of hand.
"The ACMA is working with the telecommunications industry to improve the security of mobile phone numbers so that fraudsters cannot so readily steal numbers," a spokesman told 7NEWS.com.au.
"Consumers who believe that they have been a victim of a fraudulent port should report it to their bank immediately.
"They should also report the matter to their telecommunications provider and local police."