By Bill Bowman | securityboulevard.com/
Last month a hacker who stole $5 million resulting from SIM Hijacking was sentenced to 10 years in jail. In the end, SIM Hijacking or SIM Swapping results in your phone number being taken. Your phone number is the key for 2-factor authentication and other verification processes.
Only one SIM card can be associated with a phone number. This puts the victim in the dark after it is stolen. The phone number has become the golden ticket for access. This makes it extremely sought-after for those attempting to extort money, steal handles or steal.
Here are the simple steps that are being used in the fraud…