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Risk & Fraud

How To Protect Yourself From SIM SWAP Fraud

“I have clients who have lost money ranging from Rs 1.25 crore to Rs 30,000 using SIM Exchange or SIM Swap. For your knowledge, none of these clients were computer illiterate. As the name suggests, someone may buy a new SIM from the same network provider and start to operate all your banking transactions. The […]
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Risk & Fraud

Lawmakers Prod FCC to Act on SIM Swapping — Krebs on Security

“Crooks have stolen tens of millions of dollars and other valuable commodities from thousands of consumers via “SIM swapping,” a particularly invasive form of fraud that involves tricking a target’s mobile carrier into transferring someone’s wireless service to a device they control. But the U.S. Federal Communications Commission (FCC), the entity responsible for overseeing wireless industry practices, […]