SIM Swap Fraud Beware & Save Yourself

As the technology grows on a daily basis, the miscellaneous stuffs, like unauthorized access to many sections of life, especially with the digital media frauds are growing up with the same. The mobile numbers are being one of the highly targeted digital media among the fraudulent.  This is because, everyone’s day to day life doesn’t complete without the use of the mobile numbers categorically. In fact, these days, we are not only using the mobile number for ordinary calls, messages, or even for WhatsApp services, perhaps the list grows higher. For every banking option, you definitely need a registered mobile number either for the confirmation of the transaction or the acknowledgement as well.

That is why; the frauds with the SIM cards are grown up immensely. According to the latest report from the survey, the fraudsters are in a new way to dupe the naive people’s mobile numbers for their various benefits.

Beware of SIM Swap Fraud:

The process of gaining illegal access to the mobile numbers is technically termed as “SIM Swap Fraud”. What will the fraudsters do with this stuff? Here we go to the shocking reports!

With the help of SIM Swap Fraud technique, the fraudsters could get a new SIM against your existing mobile number with the registered service provider. That is, a new SIM card with the same number. This allows them to receive your OTP (One Time Password) or alerts for any financial transactions you make. Just imagine the impact of the fraudsters, if they own your bank account details!

Some of the awareness made by the banking sectors, (say, ICICI), these fraudsters first gain access with your bank account details via Phishing, Smishing, Vishing or any other possible modes (is a method of gaining access to your details, without your knowledge done especially via Email).

By the SIM Swap Fraud technique, the genuine SIM card will be deactivated by the service provider and the access will be allotted to the new one. According to the available banking details, the Fraudsters will try to hack your financial transactions, as the OTP will be sent only to the registered mobile number.

Steps to Prevent SIM Swap Fraud:

There are few interesting and valuable systems are available to protect the SIM Swap Fraud and are as follows. Firstly, if your mobile number has stopped working for a considerable time period, please don’t hesitate to inquire the same with the respective service provider. This will definitely help you to stay away from the SIM Swap Fraud victim. Also, try registering your mobile number for custom Alerts from your bank and Email Alerts as well. Try checking the transaction history for any irregularities appeared.

Conclusion:

In the digitized world, nothing lies in the safe zone! Perhaps, there are few ways to protect ourselves from it. Simply follow it and stay away from the fraudster’s victim.
Techliveinfo.com