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    Lurking danger in SIM swap fraud: What is it? How to avoid it?

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    Lurking danger in SIM swap fraud: What is it? How to avoid it?

    A new attack hackers use to takeover SIM cards and steal money from you and me


    Published:  August 03, 2020 08:23 Jay Hilotin, Senior Assistant Editor

    1 of 16
    Sim SWap hack 01
    SIM HIJACKING: It's a dangerous form of digital hijacking, And it uses a really simple ruse. IT security experts describe 'SIM swapping' is a growing nightmare. It is difficult to figure out how many mobile phone users have been hit by a SIM swap fraud. Customers, the banks, phone companies and the courts are all drawn into the money trail left by SIM swapping hackers. SIM swap fraud cases have emerged in different parts of the world, including the UAE. Image Credit: Gulf News / Jay Hilotn
    2 of 16
    SIM SWAP hack
    MONEY IS THE MOTIVE: A SIM swap scam is a type of account takeover fraud that generally targets a weakness in two-factor authentication and two-step verification in which the second factor or step is a text message or call placed to a mobile telephone. Image Credit: Gulf News / Jay Hilotin
    3 of 16
    1.1718046-2828371670
    WHEN DOES IT HAPPEN? SIM swapping occurs when someone (a hacker interested in cleaning your bank account) contacts your wireless carrier and is able to convince the call center employee that they are, in fact, you. The ruse is relatively easy. All a fraudster needs to out the SIM swap fraud are the name and mobile number of an individual being targetted by the attack. Security experts say this "simjacking" is increasingly becoming more common. Image Credit: Supplied
    4 of 16
    SIMJACKING
    ACCOUNT TAKEOVER FRAUD: SIM swap scam is also known by other names: "port-out scam", "SIM splitting", "Smishing" and "simjacking". Image Credit: Gulf News /Jay Hilotin
    5 of 16
    Sim jacking
    FRAUDSTERS' FAVOURITE: A study published in January 2020 reveals that the practice of SIM swapping is becoming increasingly common. Despite carriers putting safeguards in place, researchers were able to demonstrate taking over your phone number quickly and with ease. Image Credit: Gulf News / Jay Hilotin
    6 of 16
    KEY TO A KILL
    KEY TO A KILL: We don't think that much about SIM cards, except when we get a new phone. This little plastic chip inside your phone directs you device to the cellular network it belongs to to, and which phone number to use. Image Credit: Gulf News / Jay Hilotin
    7 of 16
    Sim swap 11
    HIJACKED SIM: Once your phone number is assigned to a new card, all of your incoming calls and text messages will be routed to whatever phone the new SIM card is in. Image Credit: Gulf News
    8 of 16
    SIM SWAP hijack
    ًٍSWAP IS NOT HARMLESS: On the face of it, the swap does not look harmless. Today, however, most of us have our phone numbers linked to our bank, email and social media accounts, you quickly begin to see how easy it would be for someone with access to your phone number can take over your entire online presence. Image Credit: Gulf News
    9 of 16
    Sim swap 12
    Image Credit: Gulf News
    10 of 16
    Sim swap 13
    Image Credit: Gulf News
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    Sim swap 16
    Image Credit: Gulf News
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    Sim swap 17
    Image Credit: Gulf News
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    Sim swap 12
    Image Credit: Gulf News
    14 of 16
    Sim swap fraud - how to avoid 01
    Image Credit: Gulf News
    15 of 16
    Sim swap fraud - how to avoid 02
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    Sim swap fraud - how to avoid 03
    Image Credit: Gulf News

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