What Does SIM Swap Scam Mean?
The SIM swap scam is a dangerous trend in telecom. It involves cybercriminals getting information about a cell phone user and fraudulently asking telecom companies to activate a SIM card in the criminal’s possession that is attached to the victim’s account.
Techopedia Explains SIM Swap Scam
So much of people’s sensitive financial information and other data goes through smartphones that there is ample incentive for criminals to start practicing these types of SIM card fraud. In some ways, it is a rather “low-tech” type of attack; all the criminals need is enough information to trick the telecom vendor into giving them an activated SIM card in a legitimate customer’s name.
