What is this sim swap? And how can you avoid it. Let us understand it once in simple language.
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Nowadays all of us do most of the work related to our banking online. Our bank’s app is present in our smartphone, through which we do transactions, balance check etc. But it is also very important to be careful about it. With the increase in the trend of online banking, the cases of fraud related to it have also increased rapidly. One of these methods, which is seeing a boom in the cases related to it, is that of SIM swap. Now what is this sim swap? And how can you avoid it. Let us understand it once in simple language.
What is sim swap?
Mobile phone is a convenient means of banking. One gets account related alerts, One Time Password (OTP), Unique Registration Number (URN) etc. required to do financial transactions through mobile and get financial information.
Under SIM swap or exchange, the fraudster obtains a new SIM card for your registered mobile number. He does this through the mobile service provider. With the help of the new SIM card, the criminal gets the necessary OTPs or alerts to do financial transactions through your bank account.
Take care of these safety tips
- Always be alert and keep track of the network connectivity status of the cellphone. If you find that you are not receiving any calls or SMS for a long time, then something might be wrong. And you should take information from your mobile operator in this regard.
- Some mobile network operators also send SMS to alert you about the SIM swap. This means that you can stop this fraud by contacting your mobile operator immediately.
- If you are getting some annoying calls, do not switch off your phone. You don’t answer the call. This may be a trick used by criminals to trick you into not noticing that your connectivity has been compromised.
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