Oct 20, 2019
Sim Swaps? "How can this possibly affect me?" you ask yourself... Well, it certainly can, and this type of fraud where your phone is essentially taken over is growing exponentially. SIM swap fraud is a type of account takeover fraud that generally targets a weakness in two-factor authentication and two-step verification, where the second factor or step is an SMS or a call placed to a mobile telephone. The fraud centers around exploiting a mobile phone operator’s ability to seamlessly port a telephone number to a new SIM. This feature is normally used when a customer has lost or had their phone stolen. Attacks like these are now widespread, with cybercriminals using them not only to steal credentials and capture OTPs (one-time passwords) sent via SMS but also to cause financial damage to victims. Join me as I talk to Craig du Plooy and Karhrman Ziegenbein of Tomoko Discovery, two of the greatest Cyber Detectives in the world.
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