Watch Out for Fraudulent ‘Jet Frog’ Withdrawals, Banks Warn
Several major banks are alerting customers about a new banking scam called “Jet Frog.” News.com.au has issued a warning to millions of banking customers, urging them to be cautious of pending withdrawals labeled Jet Frog on their credit and debit card statements.
The scam was first brought to light by a victim who noticed a pending Jet Frog transaction for $0, which is often an indication of fraudulent activity. Another victim reported an initial charge of $0.99, followed by an unauthorized purchase of a $1,000 necklace.
While the scam seems to be spreading in Australia, similar reports about Jet Frog have emerged in Europe and the US since 2021. Experts believe the scheme involves brute force attacks that use computing power to guess potential card numbers and test them with small transactions.
Protect Yourself
If you spot a Jet Frog transaction on your statement, it is crucial to contact your bank immediately to terminate the affected card. Stay vigilant and monitor your financial statements regularly for any suspicious activity.
Hot Take: Stay Alert and Protect Your Finances
A new banking scam named “Jet Frog” is making its way across multiple countries, with victims reporting unauthorized charges after seeing pending transactions labeled Jet Frog. The scam involves brute force attacks that test potential card numbers with small transactions. This serves as a reminder to stay vigilant and monitor your financial statements closely. If you notice any unfamiliar or suspicious activity, contact your bank right away to protect yourself from further harm.
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