SIM hijacking, or "SIM-jacking", is a new, dangerous way that fraudsters use to steal money from people in violation of their mobile phones.
As an increasing trend, thieves are taking advantage of the ability of mobile providers to 'transfer' a phone number between different SIM cards.
Under normal circumstances, this function is quite useful for service providers. If a customer loses or breaks their SIM card, they may purchase a new one and ask the mobile service provider to transfer the original phone number to the new device. The provider will ask for some security information to verify that the caller is the rightful holder before simply sending the phone number to the new SIM card.
But a number of high profile SIM-jacking cases - including Jack Dorsey, CEO of Twitter - have revealed how fraudsters can use the porting of phone numbers to gain access to people's personal information and steal large amounts of money. money.
How does SIM-jacking work?
First, the scammers must collect them safety information needed to transfer their victim's phone number. They can achieve this through:
- Shipping phishing scam emails.
- Bribery of the victim's mobile service providers
- Gaining Confidence victims to disclose sensitive information.
Once they have the security information or passwords they need, fraudsters will pretend to be the rightful owner when they call the victim's mobile service provider and persuade them to "transfer" the victim's phone number to a new SIM card.
Why do the cheats do it?
SIM-jacking is the first step for fraudsters to gain access to their victim's money and personal information.
But when fraudsters have seized a SIM card, they will receive verification security codes - allowing them to reset their victim's passwords and gain access to social media accounts, bank accounts and emails.
How can I prevent it?
If you are concerned about SIM-jacking, you can call your mobile service provider and request that you add extra security to your account such as using a password PIN for when you make changes to your details.
You need to make sure all your accounts - email, bank account, social media accounts, online shopping - have strong and unique passwords. This will make it harder for fraudsters to breach all your accounts.
Should avoid sharing too much personal information on social media. The main source of information for malicious people hackers it's, of course, social media.