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The trick here was that of course my friend did not use her own sensitive bank information to ask for the loan - she asked for test data, and the company provi
by pflenker 3y ago
The trick here was that of course my friend did not use her own sensitive bank information to ask for the loan - she asked for test data, and the company provided her with data. What she did not realize is that the data they fed her were things she had created in her own name earlier in the scam. For example, she opened a bank account in her own name quite early, after some trust was built. The data she used for that didn’t seem that sensitive to her, and she made sure the account was not a paid one and so on. And she was right - that account in itself was not what screwed her over. Days to weeks, and dozens of assignments, later when she applied for the loan, the test data they provided to her upon her request were partly from that opening of a bank account. So from her perspective it was a competely new flow to test for an existing customer - the bank - with test data provided. They even changed the login data a bit so that it looked like a different account.
Since this was framed to der as a test as close to reality as possible it didn’t seem off that the „test account“ showed her her own name.
From the perspective of the bank it was an existing, verified customer applying for a loan. This was a really, really clever bit of social engineering.
- ithkuil 3y agoI don't understand. What prevented the scammers from just performing all the same operations she performed using the data they had about her? They could have her run some gateway on her laptop so all network access would appear to come from her IP address. Is there some offline interaction that is required to open an account?
- dylan604 3y agoplausible deniability? why commit the crime yourself when you can have someone else do it for you? also, the loan would probably only be offered to a US citizen while the scammers were most likely not. after reading about it, it sounds like a pretty good operation
- chatmasta 3y agoAlso if the bank requires any KYC process, she'll probably go through with it thinking that it's part of the "external test."
- kqr 3y agoMaybe specifically to make it more shameful to make it less likely to be reported?
- dclowd9901 3y agoWhat makes it even _less_ likely is not bringing in a third party at all. I too do not understand the angle here vs the crooks just doing it themselves.
- _xivi 3y agoIf you don't bring any 3rd party, that mean more direct exposure for yourself
- chefandy 3y agoFor the same reason people who steal credit card numbers sell them rather than use them, why illegal drug distributors don't sell to users directly, and mob bosses don't rob people: They can probably do the same thing at the same time with multiple people, and it reduces their risk exposure. If 10 different people open up a bank account with stolen credentials, the bank has to detect fraud 10 different times. If one person opens up 10 bank accounts with stolen credentials, they're way more likely to catch onto a subtle pattern.
- pflenker 3y agoI can only guess, but my best guess is that one crucial part is performing the ID validation, which involves joining a video call with a company that partners with the bank.
- DigiEggz 3y agoI'm sorry this happened to your friend. It's surprising that the requisite data for her to open a bank account was not considered too personal. I opened a bank account not long ago and it felt like they wanted to know every vague thing about me. It's a good reminder to set safeguards so that routine does not desensitize you to dangers. It makes me wonder how the scammers transfer the money out, because that all feels traceable. Was she able to find a way out?
- pflenker 3y agoSo the thing is - when you start at a new company you also need to submit all kinds of personal data - to the company you are starting in. I am a bit fuzzy on the details here but I think the data needed to open a bank account might be the same. She handed it all over to the police and they are on it now. I, too, hope that the money can be traced.