Buying and selling fraudulent bank accounts is rife in Indonesia, used by scammers to save money from fraud

Liputan6.com, Jakarta – In scams and fraud in Indonesia, the victims are mostly ordinary people and very few have access to crypto assets.

However, most of them have access to the banking system so that monetization of fraudulent results still utilizes bank accounts and digital wallets.

Of course, fraudsters are not stupid to use their own identity to open a collection account for the results of their deception and will use a secure account.

According to Cybersecurity Observer from Lilincom, Alfons Tanujaya, the massive leak of population data has opened the way for scammers to carry out their actions because there are hundreds of millions of original population databases and armed with only blank KTPs, they can make fake KTPs with original data.

“When this KTP is used to open a bank account, it will be very difficult for the bank to physically identify the legitimacy of this KTP because even if the blanks are fake, the NIK data, name, address and other data are original data and the photo can only be replaced with a photo of the fraudster,” said Alfons, Saturday (24/6/2023).

This massive population data leak has made it possible to easily obtain a crime proceeds collection account.

According to Alfons, the fraudsters only need to spend around Rp. 500,000 to buy a fraudulent bank account that has been prepared complete with an ATM card and is ready to accommodate the proceeds of their crimes.

The existence of an easy facility to cash in on the proceeds of this fraud is a factor that greatly facilitates the gang of fraudsters in withdrawing the proceeds of their crimes.

“So the conspirators are just concentrating on designing the perfect social engineering to trick their victims. All acts of exploitation and scams require fake bank accounts to monetize the proceeds of their crimes,” he added.

Alfons explained that scams such as BRI mobile banking burglaries, fraud disguised as APK online couriers, fraudulent sending of wedding invitations, fraudulent sales of Cold Play tickets to fraudulent freelance like and subscribe, all of which use bogus accounts to collect the proceeds of their crimes.