Having control over your cell phone number or mobile SIM, will enable the scamster/fraudster to have access to your OTPs, PIN numbers and authentication text messages (SMS), which gives them access to your valuable and sensitive personal and financial information to commit frauds. Why do fraudsters resort to SIM swapping and how does it affect you?
The cybercriminal gains access to your sensitive personal and financial related information through this fraud. SIM Swapping also known as SIM splitting, SIM jacking, SIM hijacking is basically taking over the control of your mobile operations from your existing SIM to another SIM, that is in control of the cyber fraudster. SIM Swapping and Cloning are online scamming methods in which the fraudsters gain control over your phone number and your mobile is compromised. Mobile SIM swapping and SIM cloning are two such kinds of cyber frauds, being practiced by fraudsters for cheating the mobile subscribers. This wide spread prevalence and usage of mobile technology, has lured the cyber criminals to resort to new and sophisticated ways of committing cybercrimes and frauds. The mobile phone has revolutionized communication and enabled transaction of every kind possible at the click of button. With the help of a mobile phone, the technology has made everything available on the go for us. In the current age we are living in a parallel virtual world where mobile phones have become an integral part.
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