
Once access is gained, the fraudsters will transfer money out of the member's account. From there, the fraudster has access to the member's computer and accounts.

The fraudster will tell members over the phone that they will send a passcode via text message, and the members must provide the passcode over the phone.

The text appears to be coming from financial institution, commonly known as "Spoofing", and warns them of suspicious debit card transactions on their accounts. If the member responds to the text, the fraudsters call the members spoofing their financial institution's phone number claiming they are in the fraud department and are calling to verify suspicious transactions on the member’s account. Then the fraudster will use a variety of methods to gain access to an account: Fraudsters will target a member and send account alerts via text message or by directly calling.
