Here's a summary of the scam and how to protect yourself:
What is SIM SWAP FRAUD?
SIM SWAP FRAUD is a type of scam where criminals trick your mobile phone provider into transferring your phone number to a SIM card under their control. This allows them to intercept your text messages, including those used for two-factor authentication (2FA), and access your online accounts, including your bank account.
How does it work?
The criminals will call you and pretend to be from your mobile phone company.
They will tell you that there is a problem with your network and that you need to press 1 to fix it.
If you press 1, the criminals will be able to take control of your SIM card.
Once they have control of your SIM card, they will be able to intercept your text messages and access your online accounts.
How to protect yourself:
- Be cautious about sharing personal information. Don't share your phone number, Social Security number, or other personal information with people you don't know and trust.
- Set up strong passwords for your online accounts. Use a different password for each account, and make sure your passwords are strong and complex.
- Enable two-factor authentication (2FA) for your online accounts. 2FA adds an extra layer of security to your accounts by requiring you to enter a code from your phone, in addition to your password, when you log in.
- Be careful about clicking on links or opening attachments in emails or text messages. These could be phishing attempts that are designed to trick you into revealing your personal information or clicking on a malicious link.
- Be aware of the warning signs of SIM SWAP FRAUD. If you suddenly lose service on your phone, or if you receive a text message that says your SIM card has been changed, contact your mobile phone provider immediately.