SIM Swap Fraud: How to Stop Criminals from Stealing Your Phone Number and YourMoney

Chances are you?ve tried logging into a mobile app with a password and received a six-digit one-time passcode (OTP) via text message (SMS), which your phone conveniently populated into the spaces provided. The app opens, and you may feel a flash of appreciation for this extra layer of protection. Don?t get too comfortable. By using a fraud type called SIM swapping, criminals can take advantage of phone-based two-factor authentication (2FA) to hijack your mobile phone number, attach it to a new phone, and then use the device...

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