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Nairaland Forum / Nairaland / General / Crime / What Happens When Scammers Get Your BVN (6270 Views)
How Do Scammers Get Our Correct Details? / Scammers Call Bank Customer, Reveal His BVN & Then Ask For More Details / Lady Hospitalized After BVN Fraudsters Cleared Her Life Savings (Photos) (2) (3) (4)
What Happens When Scammers Get Your BVN by Burstscam: 9:18pm On Jul 01, 2020 |
BVN (Bank Verification Number) is a biometric identification system implemented by the Central Bank of Nigeria to checkmate illegal banking transaction in Nigeria. Over the years, there has been security concerns, theories and hypothesis, scares, rumours, misinformation and fear attached to the use of BVN. Consequently, many people turn down any dealings that requires the disclosure of their BVN both online and offline Realistically, there must be a time when we are boxed up in the decision to either supply the number or not. The current registration of Npower has once again brought up the discussion and concerns associated with BVN security. What do you need to know? Can someone empty your account through your BVN? Is it safe, or not, to give out your BVN? What can a scammer do with it? Can he cause damage, and to what extent? We will tell you all you need to know in this post. What the BVN really is BVN is just a biometric identification. Let’s take the BVN as a playlist in your media player. There are numerous media in your phone/laptop. You more likely would want to play a ” type” of media at a time. For instance, you feel like playing “highlife” music. It won’t be palatable that along the way, a worship song will interrupt the flow. So what do you do? You group your media into playlists, each containing a particular type of Media and you name it. In the same vein, BVN is used to classify all banking transactions into individuals. Let’s assume you operate 20 different accounts in different banks for different purposes, the BVN will link all of them to you, like a playlist, and then name it your name. The BVN is like a folder that contains all files about a particular thing. BVN contains information about all your banking details so that whatever you do in a bank will be associated with you. At this point I believe that you now know the primary work of a BVN. Now to the next question. Does knowing my BVN mean access to my bank details? To answer this question, ask yourself: If I tell you that I have a playlist called “romantic” in my phone, does it give you access to it? Well if you have my phone and my phone’s password, you can access the playlist. But what if you don’t? The phone in this case is your bank. Your BVN is the playlist and your password is your other banking details. Let’s tackle another question. What happens when my BVN gets to wrong hands? Firstly, for you to play the media on my playlist, you need my phone, the password and the name of the playlist or folder. If I tell you the name of the folder or playlist without giving you my phone and my password, you can’t do anything. If a fraudster gets your BVN, he still need your other banking details to be able to cause harm or damage to you. Your BVN is like your phone number, it’s like your account number, it’s like your house address, it’s like your plate number, it’s like your name. They are all essential and private, a combination of some, or all of them could expose you to harm. What scammers do with BVN Most scammers who phish for BVN use social engineering to obtain the remaining information they need to strike. A scammer who already have your BVN, your name, your bank account and your age is more likely to persuade you to release your ATM details or persuade you to send him a OTP sent to your phone. The higher the amount of information in possession of a scammer, the easier for him to scam you. BVN is just one of the many information he needs for his job to be easier, but there is no way he can empty your account using only your BVN unless there is an insider collaboration. Should you supply your BVN when filling out form online? Yes and No. Yes if: ~you’re familiar with the purpose of the website. ~You’re sure that you typed the web address correctly. ~The website has SSL. You know this if there is “s” after http on the address bar such as the one on this site. But No if the above conditions do not exist. Conclusion Nobody can empty your account using only your BVN. But your BVN is as important as your other personal information, be mindful of who you give it out to. https://burstscam.com/blog/2020/07/01/what-happens-when-scammers-get-your-bvn/ You might also want to know what happens when you use ATM here https://burstscam.com/blog/2020/02/15/what-happens-when-you-make-payment-with-your-card/ 8 Likes
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Re: What Happens When Scammers Get Your BVN by adecz: 9:38pm On Jul 01, 2020 |
![]() ![]() A scammer recently called me pretending to be an officer from my bank on an accounts "update" mission. He knew my name, Date of birth, Account number, BVN number & linked accounts, He said, What he needed to complete the update was my ATM details ...... Only a bank worker could have gotten all those information he had; most of the young boys & contract staff in banks have very high tastes for the luxuries of life & are prepared to compromise to meet up. . Remember the young bank worker at Abuja who recently recruited armed robbers to come & rob his branch!! Na Old fish like me dem wan use hook catch for this ogbodo 9ja!!! ![]() 7 Likes 1 Share |
Re: What Happens When Scammers Get Your BVN by uncleck: 9:47pm On Jul 01, 2020 |
OK o |
Re: What Happens When Scammers Get Your BVN by Austineolisa: 10:00pm On Jul 01, 2020 |
I disagree with the op, accounts has been emptied by mere having access to one's bvn severally |
Re: What Happens When Scammers Get Your BVN by Burstscam: 10:03pm On Jul 01, 2020 |
adecz:You get the gist. Armed with all these information about you, they can convince you that they're really calling from your bank, and the rest is story once you believe 2 Likes |
Re: What Happens When Scammers Get Your BVN by Burstscam: 10:04pm On Jul 01, 2020 |
Austineolisa:care to explain how? 1 Like |
Re: What Happens When Scammers Get Your BVN by adecz: 10:08pm On Jul 01, 2020 |
Austineolisa: If BVN alone could be used, all bank accounts would have been emptied by now. 15 Likes 1 Share |
Re: What Happens When Scammers Get Your BVN by Simplyleo: 10:43pm On Jul 01, 2020 |
[s] Austineolisa:[/s] A very big lie. ![]() Read and learn, stop lying and arguing unnecessarily. The op has succinctly explained the whole concept of bvn in very clear and simple language. If you can't learn from this, I wonder where you can ever learn. ![]() Unlike the bank acc, you can walk into any commercial bank and get the printout of your bvn, with your picture on the printout provided you provide your acc number and your fingerprint matches. So why are bankers not using the bvn to defraud customers from other banks? 8 Likes 1 Share |
Re: What Happens When Scammers Get Your BVN by MsAllison(f): 10:51pm On Jul 01, 2020 |
Simplyleo:will you marry me? |
Re: What Happens When Scammers Get Your BVN by Burstscam: 6:08am On Jul 02, 2020 |
adecz:exactly |
Re: What Happens When Scammers Get Your BVN by Burstscam: 6:09am On Jul 02, 2020 |
Simplyleo:Oil dey your head 1 Like |
Re: What Happens When Scammers Get Your BVN by bmdmixer: 9:13am On Jul 02, 2020 |
Austineolisa:bvn is just used to tag how many account u have linked to ur name, thats how they scammers use to know ur bank details. the only way u can loose money is if they know ur card details and ur email or phone number when dey purchase something mostly online, a code is sent to either ur phone or email not ur bvn with dat code dey complete their registration thats y scammers always ask for date of birth. if they ask for date of birth only it means they already have ur card details. so no, bvn with them is like ur name with them 2 Likes 1 Share |
Re: What Happens When Scammers Get Your BVN by uncleck: 9:32pm On Jul 02, 2020 |
Simplyleo:A lot of sense |
Re: What Happens When Scammers Get Your BVN by uncleck: 9:32pm On Jul 02, 2020 |
MsAllison:How? |
Re: What Happens When Scammers Get Your BVN by uncleck: 9:33pm On Jul 02, 2020 |
Austineolisa:Oga read and learn o |
Re: What Happens When Scammers Get Your BVN by uncleck: 9:35pm On Jul 02, 2020 |
Austineolisa:Oga read and learn o adecz:Some of them even call me on weekend. Mofos 1 Like |
Re: What Happens When Scammers Get Your BVN by udy4real(m): 7:30pm On Jul 09, 2020 |
bmdmixer:But if you do not collect atm card from your bank can they still scam you? |
Re: What Happens When Scammers Get Your BVN by Lannyjoe4u: 2:04am On Feb 15 |
adecz: If someone has my bank, they can monitor all my transactions right? |
Re: What Happens When Scammers Get Your BVN by ThinkSmarter: 7:17am On Feb 15 |
Educative post |
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