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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.
Once fraudsters gain control of a person’s phone number, they can intercept calls and texts, including two-factor authentication codes, which can give them access to a victim’s financial accounts.
This is in contrast to a phone (retrospectively called SIM-free or unlocked) that does not impose any SIM restrictions. Generally phones can be locked to accept only SIM cards with certain International Mobile Subscriber Identities (IMSIs); IMSIs may be restricted by: Mobile country code (MCC; e.g., will only work with SIM issued in one country)
Phone fraud, or more generally communications fraud, is the use of telecommunications products or services with the intention of illegally acquiring money from, or failing to pay, a telecommunication company or its customers. Many operators have increased measures to minimize fraud and reduce their losses.
"When you click on an app on your phone, and you get a message that it needs to be updated, click here, can you trust that this is legit? Or should you close out and go to the App Store?" Or ...
• Fake email addresses - Malicious actors sometimes send from email addresses made to look like an official email address but in fact is missing a letter(s), misspelled, replaces a letter with a lookalike number (e.g. “O” and “0”), or originates from free email services that would not be used for official communications.
If the wrong PIN is entered more than three times, the SIM card will become locked. It can be unlocked by entering the PUK code provided by the mobile service provider, [1] which may be available on the SIM card's packaging, the contract, or provided by customer service after identity verification. After the PUK code is entered, the PIN must be ...
If you don’t have good credit. Friends or family. “If you don’t have a good credit score… start thinking about who in your life that you really trust,” Espinal says.
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