Hack of the day: How to block SIM-Swap fraud even before it happens
A new wave of financial fraud, SIM-swap scams, is targeting Indians, allowing criminals to reroute One-Time Passwords (OTPs) to their own devices using just a mobile number and personal data. Victims often only realize the theft after their bank accounts are drained. Proactive steps like setting a SIM PIN, enabling email alerts for bank transactions, and treating sudden network loss as a critical warning can significantly thwart these attacks.
A new wave of financial fraud, SIM-swap scams, is targeting Indians, allowing criminals to reroute One-Time Passwords (OTPs) to their own devices using just a mobile number and personal data. Victims often only realize the theft after their bank accounts are drained. Proactive steps like setting a SIM PIN, enabling email alerts for bank transactions, and treating sudden network loss as a critical warning can significantly thwart these attacks.
