![]() This article from privacypros.io does a nice job of explaining how the fraud works: One area that has been getting a lot more attention is SIM-swapping fraud.Ī SIM-swapping attack is also known as SIM splitting, SIMjacking, SIM hijacking and port-out scamming. ![]() I often get asked questions about growing cyber threats and how to keep online accounts safe - including cryptocurrencies. "Europol said that "sim swapping" can be done either by fooling the phone company with "social engineering techniques" or by using a "corrupt insider." One more headline, from earlier this year, read " Europe SIM swapping: 10 arrested in Europe over €82.4m scam to hijack celebrities' phones": “European police have arrested 10 people for allegedly hijacking mobile phones belonging to high-profile celebrities in the United States.
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