Sim swap fraud
Sim swap fraud is a new kind of fraud, running around the digital world. Most of the people are falling prey to this fraudulent, especially senior citizens. Recently a victim had lost Rs 13lakhs by a group of frauds.
What is Sim swap fraud?
Swap means exchange.
Sim card has some crucial information about the subscriber. At first the frauds will hack all details by phishing/ Trojans. Then they will approach a new Sim card to the service provider.
With the help of new Sim card they can access all the database and thereby they will online transactions from the victim's account.
How does a Sim swap work?
Through phishing frauds will hack the banking details.
The frauds will approach service provider for a new Sim card.
Post customer verification by the service provider will deactivate the old Sim. So there will be no network on customer's handset. So automatically they will not receive any sms alerts.
Then the frauds will access and operate the victim's account by the stolen details.
Safety tips:
Be aware of your cellphone's connectivity status such as Sms notification, calls etc.,
Register for alerts ( SMS and Email) so that when there is any activity on your bank account you can get an alert mail.
Always check your bank statements and online banking transaction history regularly to help identify and issues (or) irregularities.
Speak ur mind on the drop box, I can hear ur valuable suggestion.
Sim swap fraud is a new kind of fraud, running around the digital world. Most of the people are falling prey to this fraudulent, especially senior citizens. Recently a victim had lost Rs 13lakhs by a group of frauds.
What is Sim swap fraud?
Swap means exchange.
Sim card has some crucial information about the subscriber. At first the frauds will hack all details by phishing/ Trojans. Then they will approach a new Sim card to the service provider.
With the help of new Sim card they can access all the database and thereby they will online transactions from the victim's account.
How does a Sim swap work?
Through phishing frauds will hack the banking details.
The frauds will approach service provider for a new Sim card.
Post customer verification by the service provider will deactivate the old Sim. So there will be no network on customer's handset. So automatically they will not receive any sms alerts.
Then the frauds will access and operate the victim's account by the stolen details.
Safety tips:
Be aware of your cellphone's connectivity status such as Sms notification, calls etc.,
Register for alerts ( SMS and Email) so that when there is any activity on your bank account you can get an alert mail.
Always check your bank statements and online banking transaction history regularly to help identify and issues (or) irregularities.
Regards,
Crack &win.
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