How To Steal Identities Without Software by Compromising Bank Accounts

Let’s talk about the many methods that scammers employ to gain access to bank accounts devoid of the aid of software.

1. Using Trojans For Online Banking:

Hack Bank Account Without Software – You can manage every element of your accounts using a smartphone thanks to modern technologies. On the majority of specialized applications that banks offer, you may log in and view account information. Although useful, this has turned into a significant attack avenue for malware authors.

a. Prompt Users To Download Fake Financial Software:

The easiest attacks make use of existing banking applications. Bank software is created by a malware creator. These bank software packages are used and distributed through fraudulent websites.

b. Selecting A Shady Financial App Over A Reputable One:

Online Bank Account Hacking – In general, the Trojan horse in mobile banking is significantly more crafty and devious than one may think. These programs are advertised as genuine bank software. Typically have no connection to one another and are rife with Trojan horses. Once this app is enabled, the Trojan begins searching your phone for financial apps.

Similar to the one you just opened, a popup window appears when the virus recognizes a user of banking software. If all goes according to plan and the user inputs their information into the bogus login screen. They won’t even be aware of the change. Afterward, this information is obtained by the malware developer.

These Trojans frequently require an SMS verification number in order to access your account. They typically need authorization when they are first set up in order to read SMS and collect codes as they come in.

2. Phishing Scams:

Hackers are working harder in an effort to get people to click on their links despite the growing consumer awareness of phishing schemes. They use a variety of questionable strategies, including getting email addresses from solicitors and sending phishing emails from previously reliable accounts.

This strike is more harmful because it’s hard to spot the trap. The hacker may send you an email using your initial name in an effort to get in touch with you.

A disappointed property buyer faced the same issue after responding to a fraudulent email address. And lost £67,000 as a result.

3. Key Loggers:

By doing the least evident action imaginable, a hacker can access a bank account. This is the result of call center software called key loggers. Which keeps track of everything you type and sends the data back to the hacker.

It could have seemed like a straightforward task at first. But if you provided the hacker access to the website of your bank, your login information, and your password. They would have all the information they need to access your account.

4. The Assaults Influenced by “Man in the Middle”

In an effort to get private information, a hacker could listen in on your communications with the bank’s website. The “man in the middle” (MITM) will attack you. If you and the other side are talking about things that aren’t true.

Two of the two MITM attack methods include watching a vulnerable server and reading the data sent via it. When you send your login credentials via this network, hackers “sniffer” them and take them.

The URL you provide might be changed by a hacker using DNS cache poisoning to send you to a different website.

For instance, a DNS cache that is incorrectly set can direct users to the fraudulent “www.yourownbankaccount.com” website, which is managed by criminals.

If you’re not careful, the fake website might convince you to give it your login credential. Because it would seem precisely like the real one.

5. SIMS Reprogramming:

One of the most difficult hurdles for hackers to overcome is reprogramming SIMS verification codes.

Unfortunately, there isn’t a phone-dependent fix for this problem, thus a phone isn’t necessary to use it. Those who solely rely on their phones may be at great risk as a result of these identity thieves.

Hackers can switch SIM cards by chatting with your network operator under your name.

When you answer the phone, they call to let you know they’ve lost their phone and that you need to add your current number. Which was also the prior number, to their SIM card since they lost it.

The network provider can choose to utilize one of their SIMs rather than yours. Depending on how fortunate the hacker is. In our article examining the security risks of 2FA and SMS verification. We explained how this might be accomplished with the use of a social security number.

Now that you are aware of the methods hackers use to access your bank account. You should go forward with care. You should never input your personal information online by clicking on dubious links. Responding to emails from senders you don’t know is not a good idea.

The dangers we confront in today’s culture are getting progressively more concerning. Nowadays, it’s hard to trust anyone online. “Every man for himself” remains a guiding idea in contemporary society.

Author Bio

I am Priya Varma, and I have been working as Content Writer at Rananjay Exports for past 2 years. My expertise lies in researching and writing both technical and fashion content. I have written multiple articles on Gemstone Jewelry like moldavite and other stones over the past years and would love to explore more on the same in future. I hope my work keeps mesmerizing you and helps you in the future.