Every day, the experts of cybercrime are capturing people in new ways and withdrawing money from their accounts. Now a new fraud has emerged, whose name is being described as Sim Swap Fraud.
Cyber Criminal obtains your bank details in a special way and withdraw money from the account.
Ever since the banking system has been online, you have gained a lot. 90 percent of your bank’s work is now being done at home and you do not have to go to the bank. However, frauds have also increased in number in this online banking system. Every day, the experts of cybercrime are capturing people in new ways and withdrawing money from their accounts. Now a new fraud has emerged, whose name is being described as Sim Swap Fraud.
In this fraud, cyber criminals obtain money from your account by obtaining your bank details in a special way. Now ICICI Bank has given information about this fraud and has warned the account holders for this. Also, this fraud has been told on the bank’s website and people have been told to avoid it. In such a situation, know how this froze occurs and how money is withdrawn from your account. Also know how you can avoid sim swap fraud…
What is a SIM swap exchange?
Actually, your phone is the most important in online banking. On the phone itself, alerts, OTPs, URNs, secure codes or any account are given. With this you can do all your online transactions. Therefore, in sim swap exchange fraud, froster use your phone number ie SIM. With the help of the service provider, the cyber criminal gets the second sim issue of your registered mobile number. That is, access to your number now reaches them and after that they continue to get your phone URN, OTP. In such a situation, they carry out any transaction related to the bank.
Stay alert and practice safe banking. Always contact your mobile network provider immediately in case you notice an unusually long absence of network, alerts, or calls.
— ICICI Bank (@ICICIBank) May 1, 2021
How is this fraud
Once the criminal gets access to your sim. After this, your bank details are tracked only through your phone. All the verification that takes place from this, they are done through your phone. After this, whenever a transaction occurs, you do not know. Nor do you get any alert, otopy and then you do not even complain in the bank. It is easily fried.
How to know?
For this you need to be vigilant. Whenever there is no network in your SIM for a long time, then you need to be alert. If there is no network or if your SIM stops working, talk to the service provider as soon as possible. Also keep checking your SIM and keep checking your mail also so that you know that there is no wrong transaction.
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