What is SIM Swap Fraud?
Nowadays most of the banking services are done
through Smartphone Apps using 2FA(2Factor Authentication) and OTP ( One
Time password ). In SIM-Swap Frauds, the fraudsters try to get duplicate SIM
card from telecom operators in context of lost SIM or connivance(मिलीà¤à¤—त) with
their telecom representatives and then access such confidential information
sent by the bank.
How do Fraudsters get your Mobile number?
- Fraudsters get your number by using Phishing Attacks ( Look Alike Websites like your genuine Banking Websites ) , by sending messages, e-mails that appears to be from legitimate ( वैद्य ) source.
- Fraudsters try to pretend to be telecom operator that they have lost the handset and that they need a new sim.
- Fraudsters produce false documents and try to convince the telecom operators for issuing a new sim.
How to prevent a SIM Swap?
- Enquire with your mobile operator if you have no network connectivity and you are not receiving any calls or SMSes for unusually long periods.
- Do not neglect messages sent from your network provider that highlight a probable SIM-Swap Remember to respond quickly to such messages.
- Use a Password manager , do not save passwords in browser like Google Chrome. Use TrueKey Password Manager free from McAfee [a renowned Antivirus]
- Never switch off your smartphone in the event of you receiving numerous unknown calls. It could be a ploy to get you to turn off your phone and prevent you from noticing a tampered network connection.
- Register for instant alerts (both SMS and Emails) that inform you of any activity in your bank account.
- Check your bank statements frequently
to identify irregularities.
Very well explained
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