SIM swap fraud is a dangerous scam where criminals transfer your phone number to a new SIM card, gaining access to your OTPs, bank accounts, and digital identity. Understanding this threat is crucial for protection.
Fraudsters gather your personal information through phishing or data breaches. They contact your telecom operator pretending to be you and request a SIM replacement. Once they have your number, they intercept all your OTPs.
Sudden loss of network signal for an extended period. Notifications about SIM changes you did not initiate. Inability to make calls or send texts. These are urgent red flags requiring immediate action.
Set a SIM lock PIN on your phone. Register for telecom operator notifications about SIM changes. Never share personal details or OTPs with callers claiming to be from your operator.
Use app-based authentication instead of SMS-based OTP where possible. Keep your telecom account details confidential. Enable additional security layers on your banking and email accounts.
Contact your telecom operator immediately if you lose signal unexpectedly. Call your bank to block transactions. File a police complaint and report to the cybercrime portal without delay.
SIM swap fraud can empty your bank accounts within minutes. Staying vigilant about your phone connectivity status and securing your telecom account are your best defenses against this growing threat.