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MFA’s new enemy – Sim swap fraud

Broadfield Insurance - Cyber Information

SIM card swap fraud

You setup MFA, (Multi Factor Authentication) so you can get a security text.  Awesome.

You’re good right ? Well, not so fast….

Telephony thieves are stealing SIM Cards as a method to breach your important systems.  These are the systems you made sure to protect with MFA.  The methods they use to steal you sim card would surprise you.  That wrong number calling you, its on purpose.  Scammers are so bold they will call the cellular carrier, pretending to be you, a new customer, and change service.  Be sure to change your credentials often for your cellular carrier.

Norton explains SIM swap fraud here and below

SIM swap fraud occurs when scammers take advantage of a weakness in two-factor authentication and verification and use your phone number to access your accounts.

SIM swapping happens when scammers contact your mobile phone’s carrier and trick them into activating a SIM card that the fraudsters have. Once this occurs, the scammers have control over your phone number. Anyone calling or texting this number will contact the scammers’ device, not your smartphone.

Protect yourself, learn how:

 

#idfederationtrust #cybercrime #pcf #broadfield #protectthesim

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