India, Aug. 12 -- SIM swapping fraud, also known as SIM hijacking, SIM splitting, or port-out fraud, is a growing cybercrime that can give scammers full control of your mobile number. Once they succeed, they can intercept your calls, text messages, and most importantly, get access to one-time passwords (OTPs) used for online banking, email and social media accounts.
Recent reports show SIM swap attacks have surged in recent years, costing victims millions. In 2024 alone, cases jumped by over 1,000%, according to fraud prevention data. This makes it crucial for everyone to understand how the scam works and what steps can be taken to protect themselves.
How SIM swapping fraud works?
Mobile carriers use a process called mobile number porta...
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