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Financial institutions in Chile are issuing urgent warnings to the public regarding a sophisticated phone fraud known as vishing.
The Mechanics of ‘Code *21’
According to local media reports, a particularly dangerous iteration of this scam involves the use of “Code *21” (Código *21). This specific tactic is designed to divert phone calls, enabling criminals to intercept communications and steal sensitive banking data from unsuspecting victims.
The alerts from banks emphasize the critical nature of this threat, as the diversion of calls allows scammers to bypass standard security measures and gain direct access to private financial information.
