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Calling your carrier and setting up this PIN or notifying them of your concern for this hacking technique can prevent it from happening. Many carriers offer the option to require a PIN for switching SIM cards. The first thing someone concerned should do is call their carrier. The phone number might be ransomed for Bitcoins. People with high-value social media handles have been extorted to give those up. Accessing the financial records or others accounts are the most direct route to loss. The compromised accounts might be ransomed or used for other nefarious purposes. That trust given to a phone number has been used against the system. Requiring a phone number was supposed to give solid security for password retrieval and access. With control of new number, fraudster logs into accounts by using two-factor authentication or one-time passwords.

There is even evidence that works at the carriers have been bribed or coerced to make the switch. The fraudster uses personal info to convince mobile carrier to switch from current SIM to new SIM. Obtaining the last four a social security number or a bit of information from a security question is all that is needed to make an attempt. Data leaks have exposed millions of personal records. Your personal info is obtained by a fraudster via some means. Here are the simple steps that are being used in the fraud: This makes it extremely sought-after for those attempting to extort money, steal handles or steal. The phone number has become the golden ticket for access. This puts the victim in the dark after it is stolen. Only one SIM card can be associated with a phone number. Your phone number is the key for 2-factor authentication and other verification processes. In the end, SIM Hijacking or SIM Swapping results in your phone number being taken. Last month a hacker who stole $5 million resulting from SIM Hijacking was sentenced to 10 years in jail.

How to hack a sim card for free service