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This is outright theft

Fin24 user Murray Baxter was one of many to respond to a report on Tuesday that Media24 CEO Esmaré Weideman lost R360 000 over the weekend in what appears to be a hit from a SIM-swap syndicate. He writes:
 
This is not a scam, this is out and out theft. There must be a syndicate operating between MTN Group [JSE:MTN] and Absa Group [JSE:ASA].

R117 000.00 was stolen from my father in law's bank account  on 31/03 /2013 at 22h50. He is 95 years old. If he hears that his life savings were stolen it might mean his death, we are withholding the information from him.

Getting info out of MTN/Absa is very difficult. It was done at 22h45 SIM swop, 22.50 daily limit R10 000.00 withrawn.

Daily limit changed to R100 000.00 and transferred at 22.55. No sir, this is no scam - it is theft and MTN and Bsa NEED TO BE HELD ACCOUNTABLE.

Absa and MTN are non-plussed. (They are) Hiding behind the fact that a SIM swop is not a crime as per a court ruling, and Absa is stating that it was a phishing scam. Rubbish, it is their staff and security that is at fault, as per Die Burger today.

There are numerous cases of this happening, look at the papers, big article in the Argus over the weekend, now front page news Die Burger 30/04/2013 and on other forums.

It is time for a class action against MTN and Absa so these people that had their money stolen get their money back from these corporations.

 - Fin24

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