SIM swap is a type of phishing fraud that poses a serious threat to the customer and bank security. The fraudster obtains an individual’s banking details through phishing techniques or by purchasing these from organised crime networks. They then use this information, including personal details sourced via social media, to pose as the victim to the mobile network operator and fool them into cancelling and reactivating the victim’s mobile number to a SIM in their possession. As a result, all calls and texts to the victim’s number are routed to the fraudster’s phone, including one-time passwords for banking transactions. After receiving a one-time pin or password from a bank, the fraudster can then potentially access the customer’s bank account and transfer fundsRead More
- The time for complying with the General Data Protection Regulation (GDPR) is swiftly diminishing, and many organizations yet aren’t prepared.GDPR is a set of rules and regulations supported by the European Parliament, European Council, and European Commission to guarantee data protection for individuals within the European Union (EU), formally takes influence on MayRead More
As we know, threats are increasing day by day. Our countries don’t have any master plan to defend us from this threats.
Recently, the United States and United Kingdom governments published a mutual “Technical Warning” on the threats of “Russian state-sponsored cyber actors.” While timely and targeted, this warning shouldn’t be an astonishment to anyone.Read More