Do you really know? How do sim swapping scams work?
May 27, 2025
Delve into the unsettling world of SIM swapping scams, where fraudsters manipulate personal information to take control of your phone line without stealing your device. Learn about the staggering $68 million lost by Americans in 2021 and hear a shocking case involving a tech titan. The discussion offers practical tips to help you protect your personal data. Stay informed and safe in an increasingly digital world!
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What SIM Swapping Is
- SIM swapping scams involve transferring your phone number to a new SIM in a scammer's possession.
- Scammers often impersonate victims to mobile providers to make this transfer happen.
Why SIM Swapping Is Dangerous
- Scammers use phone numbers to bypass two-factor authentication via text codes.
- This access lets them control your bank, email, and social media accounts.
Mobile Networks Are Vulnerable
- Researchers showed 39 out of 50 mobile providers were vulnerable to SIM swapping.
- This reveals mobile networks are often not strict enough in protecting phone number transfers.