SIM-Swap Involves A Fraudster Collecting Victim’s Personal Banking Information And Then Approaching The Victim’s Mobile Operator With Fake ID Proofs To Obtain A Duplicate SIM Card. The Mobile Operator Deactivates The Original SIM Card And Issues A Replacement SIM. With The Help Of The New SIM Card, Fraudster Does Account Transactions Through Mobile Banking Without Victim’s Knowledge.

Tips To Prevent A SIM-Swap

  • Enquire With Your Mobile Operator If You Have No Network Connectivity And Are Not Receiving Any Calls Or Alerts For Unusually Long Periods
  • Do Not Disclose Your Mobile Number On Social Media Platforms
  • Do Not Switch Off Your Cell Phone In The Event You Receive 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 Both SMS As Well As E-Mail Alerts To Stay Informed About Transactions On Your Account
  • Check Your Bank Statements And Online Banking Transaction History Regularly So You Can Identify Any Issues Or Irregularities.

 

 

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Post Author: Akshay Dahale