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Complete Story
07/16/2025
Landline identity theft leads to major bank fraud
Cyberguy
Landline identity theft is an emerging threat that gives scammers backdoor access to your accounts. An outdated phone number, especially a forgotten landline, can help them bypass security and drain your savings. Here’s how it happens and how to stop it.
How forgotten landline identity theft drained a bank account
Richard from Reno, Nevada, shared a troubling story. His friend lost money to scammers because their old landline number was still linked to a bank account.
It started with a credit alert asking whether the friend had opened a new card. They said no and thought the issue was resolved.
But soon after, they couldn’t access their bank or investment accounts. Despite having transaction alerts enabled, the money was already gone.
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