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A subscriber identity module (SIM) was traditionally a small, removable card in your mobile phone that identified your phone number and authenticated your identity to a mobile network.
A SIM swap scam (also known as port-out scam, SIM splitting, [1] simjacking, and SIM swapping) [2] 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 (SMS) or call placed to a mobile telephone.
For scams conducted via written communication, baiters may answer scam emails using throwaway email accounts, pretending to be receptive to scammers' offers. [4]Popular methods of accomplishing the first objective are to ask scammers to fill out lengthy questionnaires; [5] to bait scammers into taking long trips; to encourage the use of poorly made props or inappropriate English-language ...
However, the security of this scheme depends on the security of the mobile phone system. In South Africa, where SMS-delivered TAN codes are common, a new attack has appeared: SIM Swap Fraud. A common attack vector is for the attacker to impersonate the victim, and obtain a replacement SIM card for the victim's phone from the mobile network ...
SIM swaps are often carried out through social engineering: A cybercriminal calls a cell phone provider such as T-Mobile and convinces an agent to transfer over the control of a phone number to a ...
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The SEC said Monday that a "SIM swap" attack was responsible for an unauthorized social media post that triggered market chaos and erased billions of market value in just minutes.
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2251 Stringtown Rd, Columbus - Grove City, OH · Directions · (614) 796-2685