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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.
SIM-swapping is a growing form of identity theft that goes beyond hacking into an email or social media account. In this case, the thieves take over your phone number. Any protections consumers ...
The convenience of eSIM cards has opened a potential security hole for bad actors.
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.
A selection of mobile phones that can be cloned. Code-Division Multiple Access (CDMA) mobile telephone cloning involves gaining access to the device's embedded file system /nvm/num directory via specialized software or placing a modified EEPROM into the target mobile telephone, allowing the Electronic Serial Number (ESN) and/or Mobile Equipment Identifier (MEID) of the mobile phone to be changed.
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The first is a gift card payment scam, where a criminal convinces a consumer to pay a fake financial obligation by purchasing gift cards and sharing the numbers off the backs with the scammer.
In a statement shared with Fortune, an SEC spokesperson said the agency was the victim of a "SIM swap" attack—a technique in which cybercriminals convince mobile carriers to transfer phone ...
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