SIM SWAPPING FRAUD: Unmasking the Internet's Fastest-Growing Cyber Threat
SIM cards, some fingernail size data storage units mostly forgotten about until it is time for a new phone, have become the key tool for a growing cyber threat: SIM swapping fraud.
It is a common thread: The signal bar of their mobile phone disappears, they try to call their phone number, but it’s not their phone ringing. They try to log into their bank account, their email, their social media... but the password fails. They have become the newest victim of SIM swap fraud and their phone number is now in the control of a criminal.