What Is SIM Swapping Scam And How To Protect Yourself
We are back with the shocking news of the SIM-swapping scam. This scam news is taking the place of controversy. This news has raised several questions in the minds of the people. If you are also facing this problem this article is very important for you. A Delhi advocate has said that she lost 50 lacks to a “SIM swapping scam”. As we know this is not a small amount it is a major amount for everyone. What is the SIM Swapping Scam? How to protect yourself? The answers to the questions will be cleared in this article.
What Is SIM Swapping Scam
According to the report, the lady got three missed calls from a known number. When she called to same number for a different number. The person took the call and said he had made the call for a courier then the lady shared her address of the house. When she completed her call, she got messages of two transactions from her bank. The police are sharing that she had not shared any kind of OTP with the person. We will come back to this point but before this take a look at What is the SIM Swapping Scam?
A scammer manages to get access to your SIM card. The suspect tricked the network provider into linking the number to the SIM card they had in possession. If your number gets connected to your device during a call or message then the hacker overcomes the two-factor verification hurdle and gets access to OTP sent by the bank. This is the reason they were successful in scam.
How to protect yourself?
- First of all, don’t entertain anyone if the person is looking suspicious to you on call. Give attention to his sound or behavior of asking questions to you.
- If the SIM card is looked at and it shows an error message such as “no valid,” quickly get in touch with a provider of service and block the number as soon as possible.
- You can take benefit of the SIM lock facility. It will help to keep your details private.
- Aware of the known number and don’t talk to the person for a long time, if you get
- In case of any fraudulent transaction, you must inform the bank as soon as possible.
Your password also can be the step to create a scam. Yes, Paytm founder and CEO Vijay Shekhar Sharma mentioned that it is the length of the password that matters and how long it is. Stay tuned for more updates.
