Fraudulent ‘jet frog’ withdrawals have hit bank accounts as millions are warned to watch for unusual activity.
Several major banks are seeing the spread of a new banking scam using the unusual name “Jet Frog.”
News.com.au is warning millions of bank customers to keep a close eye on pending withdrawals marked Jet Frog on their credit and debit card statements.
One of the first victims to speak out on social media reportedly saw Jet Frog trading at $0, a sign that bad things were to come.
Source: News.com.au
“I’ve never heard of them and never ordered anything at the time of the indictment.
When I searched on Google, the first result was a scam. We will test your card and start charging you if it works.”
Another victim said Jet Frog’s initial fee was $0.99, and shortly thereafter he made an unauthorized purchase of a $1,000 necklace.
Similar social media posts about Jet Frog in Europe and the US date back to 2021, but the scam appears to be spreading across Australia.
Experts say there is potential for brute force attacks on how this plan works.
These attacks leverage computing power to guess potential debit/credit card numbers and then test them with microtransactions.
If you see a Jet Frog transaction on your statement, your bank says you should contact them immediately to close the credit or debit card in question.
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