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Complete Story
12/16/2024
Why Sim Swapping Scams Are On The Rise And How You Can Stay Safe
Investopedia
SIM swapping gives fraudsters access to your cell phone number and any incoming messages you receive. That can make it easier for them to hack into your accounts, including your bank account, using two-factor authentication codes sent to your number.1
Key Takeaways
- SIM swapping attacks give criminals access to your cell phone number.
- They can use this number to receive texts intended for you, which gives them access to two-factor authentication codes.
- These codes can help them do things like steal your identity and access your financial accounts.
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