Tips to Secure SIM Cards That Are Now Part of Digital Identity

Port-out fraud begins when a fraudster gathers enough personal information to impersonate someone. Fraudsters obtain the data through phishing or vishing.

Phishing is done by sending fake emails that appear to be from a genuine mobile service provider and asking for personal details on a fake website.

As for vishing, fraudsters call pretending to be from a carrier company to get victims to divulge sensitive information.

Once they have the name, address and social network number, the scammers can get the mobile operator to transfer the phone number to a new SIM card controlled by the scammers.

This allows fraudsters to obtain information such as OTP codes. Well, fraudsters can also access financial and personal accounts.

Usually victims are not aware that they have been victims, until they lose cell phone service or see strange activity on their accounts.