> Criminals then stole £18,000 using financial apps on his smartphone.
How? Did he not have any kind of authentication turned on?
[removed]
*As for Ben, American Express and Monzo refunded the money that was stolen within a matter of days. HSBC and Revolut initially refused to refund but reversed that decision once Money Box started investigating the case.*
*HSBC said; “We have thoroughly reviewed this case, and in light of new information we will be providing a full refund to Mr Gregory”.*
****
Changes to finance laws have made such thefts/fraud against an individual far more easy and far more profitable than they ever used to be.
The Conservative government are very quiet on this rising tide of crime.
>Ben was on a night out with friends in the summer which went from a nice meal out, to a nightclub… before he woke up late the next morning unable to remember anything.
We’ve all been there
>stole £18,000 using financial apps on his smartphone
Maybe don’t install access to all of your finances on your fucking phone
Hmm, even if you get into a banking app, most will require a pin/password or card reader to make a transfer to a new recipient.
I have a separate gmail account just for my phone. All anyone can do if they steal my phone is look at the photos I took with my phone.
Maybe I am a dinosaur, but I don’t regard carrying a credit card in my wallet as a major inconvenience, and I have no particular desire to transfer large amounts money between bank accounts while I am “on the go”. If I really need to I can log into my normal account, but that pretty much never happens.
pretty ridiculous on android you have to use a fingerprint to unlock if you have any other apps that use them. just deleted them all.
I have “Norton App lock” on my phone to require an extra pin on my financial apps.
Not too sure about the technicalities of Android as to how hard or easy it would be to bypass, but IMHO the banks have become waaay to reliant on biometrics. Even the ones that have card-readers to verify payees don’t save you from instant transfer of your money to another bank you’ve verified before – A bank that might has lesser security.
I had an issue recently where my bank absolutely refused a transaction because it didn’t like the US account (I was confident it was safe and a reputable company) – I ended up transferring my money to Monzo who made it worryingly easy to instantly send the money anywhere I wanted.
I was half happy that it worked and I got to do what I wanted with my money. Half worried that I could bypass a block in few minutes so effortlessly.
I can unlock Monzo with my face, but I need my pin to send/move money, how did they manage this?
This happened to a lesser extent to someone I worked with at a strip club; he was given a spiked drink by a club employee and then the dancers kept telling his barely conscious ass to repeatedly tap the card reader to pay for being there. In his case they “only” stole several hundred quid, just his rent money for the month.
It’s entirely possible someone on staff was involved in this case.
Crazy someone can steal that much money with just a phone.
Don’t put any financial apps on your cellphone. Assume it’ll get stolen.
So much for “secure” apps. Don’t you need a password to access bank accounts from a smartphone?
I feel sorry for the dude, and this is awful, just for everyone else…
You should not have biometrics tied to your fiance apps, Face ID or fingerprint. Make sure you have a secure password for this or 2-factor authentication turned on.
When you use banking apps on your phone it should invoke the camera and film the user.
16 comments
So they stole his phone, and then:
> Criminals then stole £18,000 using financial apps on his smartphone.
How? Did he not have any kind of authentication turned on?
[removed]
*As for Ben, American Express and Monzo refunded the money that was stolen within a matter of days. HSBC and Revolut initially refused to refund but reversed that decision once Money Box started investigating the case.*
*HSBC said; “We have thoroughly reviewed this case, and in light of new information we will be providing a full refund to Mr Gregory”.*
****
Changes to finance laws have made such thefts/fraud against an individual far more easy and far more profitable than they ever used to be.
The Conservative government are very quiet on this rising tide of crime.
>Ben was on a night out with friends in the summer which went from a nice meal out, to a nightclub… before he woke up late the next morning unable to remember anything.
We’ve all been there
>stole £18,000 using financial apps on his smartphone
Maybe don’t install access to all of your finances on your fucking phone
Hmm, even if you get into a banking app, most will require a pin/password or card reader to make a transfer to a new recipient.
I have a separate gmail account just for my phone. All anyone can do if they steal my phone is look at the photos I took with my phone.
Maybe I am a dinosaur, but I don’t regard carrying a credit card in my wallet as a major inconvenience, and I have no particular desire to transfer large amounts money between bank accounts while I am “on the go”. If I really need to I can log into my normal account, but that pretty much never happens.
pretty ridiculous on android you have to use a fingerprint to unlock if you have any other apps that use them. just deleted them all.
I have “Norton App lock” on my phone to require an extra pin on my financial apps.
Not too sure about the technicalities of Android as to how hard or easy it would be to bypass, but IMHO the banks have become waaay to reliant on biometrics. Even the ones that have card-readers to verify payees don’t save you from instant transfer of your money to another bank you’ve verified before – A bank that might has lesser security.
I had an issue recently where my bank absolutely refused a transaction because it didn’t like the US account (I was confident it was safe and a reputable company) – I ended up transferring my money to Monzo who made it worryingly easy to instantly send the money anywhere I wanted.
I was half happy that it worked and I got to do what I wanted with my money. Half worried that I could bypass a block in few minutes so effortlessly.
I can unlock Monzo with my face, but I need my pin to send/move money, how did they manage this?
This happened to a lesser extent to someone I worked with at a strip club; he was given a spiked drink by a club employee and then the dancers kept telling his barely conscious ass to repeatedly tap the card reader to pay for being there. In his case they “only” stole several hundred quid, just his rent money for the month.
https://www.mirror.co.uk/news/uk-news/strip-club-customers-drugged-fleeced-10884301
It’s entirely possible someone on staff was involved in this case.
Crazy someone can steal that much money with just a phone.
Don’t put any financial apps on your cellphone. Assume it’ll get stolen.
So much for “secure” apps. Don’t you need a password to access bank accounts from a smartphone?
I feel sorry for the dude, and this is awful, just for everyone else…
You should not have biometrics tied to your fiance apps, Face ID or fingerprint. Make sure you have a secure password for this or 2-factor authentication turned on.
When you use banking apps on your phone it should invoke the camera and film the user.