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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 ...
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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.
For GSM, UMTS and LTE networks, this number was provisioned in the SIM card and for cdmaOne and CDMA2000 networks, in the phone directly or in the R-UIM card (the CDMA equivalent of the SIM card). Both cards have been superseded by the UICC. An IMSI is usually presented as a 15-digit number but can be shorter.
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A physical SIM can be transferred from a broken to a working phone. [34] The eSIM, which allows communications to be made and charged to the account-holder, cannot be removed if having the phone repaired, or lending it to someone. eSIM accounts must be deleted or transferred from a phone when it is sold or disposed.