By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DaiLy4mativeDaiLy4mative
  • Home
  • News
    • Business
    • Entertainment
    • Education
    • Sports
    • Health
  • TRAVEL
  • Books
  • Biography
Reading: SCAM: The Rise of Sim Swap Fraud in Nigeria
Share
Notification Show More
Latest News
Glo 2Gb Bonus for Birthday Anniversary
Glo 2Gb Bonus for Birthday Anniversary
August 15, 2022
@everyone group tag: How to Tag everyone on Facebook group
@everyone group tag: How to Tag everyone on Facebook group
August 14, 2022
Function of calgon in paint production
Function of calgon in paint production
August 10, 2022
Free catalytic converter scrap value by serial number
Free catalytic converter scrap value by serial number
August 10, 2022
Viking pump serial number lookup
Viking pump serial number lookup
August 10, 2022
Aa
DaiLy4mativeDaiLy4mative
Watch TV
Aa
  • Information
  • Education
  • Books
  • Business
  • COMPANIES
  • Education
  • Health
  • Lyrics
  • News
  • TRAVEL
  • More
    • BANKS
    • MP3 Download
    • News
    • Uncategorized
Have an existing account? Sign In
Follow US
Eric May 31, 2021
Share

SCAM: The Rise of Sim Swap Fraud in Nigeria

InformationMOBILE TELECOMS
Sim swap fraud in nigeria
SHARE
- Advertisement -

Sim Swap fraud becoming common in Nigeria. The new SIM SWAP FRAUD have got more than a hundred people fall victim.

A SIM swap fraud as it is called happens when someone convinces your carrier to switch your phone number over to a SIM card that a criminal possesses. In some cases, there are carrier’s employees working together with criminals. This is why you should never trust any call you receive demanding anything that has to do with number code sending or one time code OTP. We have had this sim swap fraud for sometime but its growth is on a rapid increase.

SIM SWAP FRAUD is now global

Sim Swap scam targets your money in the bank. By diverting your incoming SMS messages, scammers can easily complete the text-based two-factor authentication checks that protect your most sensitive accounts in financial services, social networks, webmail services and instant messengers.

- Advertisement -
Related Article How much does Chris Brown charge for a feature

Sim swap fraud has made the use of mobile banking unsafe. While payment methods through mobiles offer a convenience that is hard to debate, Kaspersky Lab research showed that mobile payments and the banking system are suffering a wave of attacks – mostly powered by SIM swap fraud – and people are losing their money as a result. This type of sim swap attack is used to not only steal credentials and capture one-time passwords (OTPs) sent via an SMS, but also to cause financial damage to victims, resetting the accounts on financial services, allowing the fraudsters access to currency accounts not only in banks but also in fintechs and credit unions. Fraudsters are also using it as way to steal money using WhatsApp, loading the messages in a new phone, contacting the victim’s contacts asking for money, simulating an emergency situation.

sim swap

How does Sim Swap Fraud work?

  1. A new fraud called SIM SWAP has started. Your phone network will momentarily go blind / zero (No Signal / Zero Bars) and after a while a call will come through.
  2. The Person on the other end of the call will tell you that he is calling from (your cell phone company) depending on your network and that there is a problem in your mobile network.
  3. He will instruct you to Please press 1 on your phone to get the network back.
Related Article Glo 2Gb Bonus for Birthday Anniversary

– Please at this stage don’t Press anything, Just cut or END the call.

If you press 1, the network will appear suddenly and almost immediately go blind again (Zero Bars) and by that action, your phone is #HACKED. Within a second they will empty your bank account, thereby causing you untold damage.

Conclusion on sim swap fraud:

The rise of Sim Swap Fraud in Nigeria

- Advertisement -

Llike we said above, sim swap fraud aims to transfer your phone number onto SIMs, especially new ones. The process is simple in itself, but involves several steps. Here’s what to watch out for:

According to the National Fraud Intelligence Bureau, the SIM splitter’s first step is to access your personal information. This can be achieved through bank statements, as well as increasingly through scouring social media profiles.

Related Article Viking pump serial number lookup

The hacker then obtains a blank SIM card and rings your mobile phone operator. With your personal information in hand, they pass the security checks and report your phone stolen.

At this point your SIM is blocked and the hacker activates the ‘new’ one.

While the victim is left with no service, the hacker is able to access all texts and calls, including the unique code that the bank sends to access their online system. The perpetrator has free reign over your account and can transfer your funds wherever they wish.

Please, forward to your contacts, loved ones and friends. The fraud is increasing day by day. #daily4mative

You Might Also Like

Glo 2Gb Bonus for Birthday Anniversary

@everyone group tag: How to Tag everyone on Facebook group

Function of calgon in paint production

Viking pump serial number lookup

Chemicals for oil paint production

TAGGED: Internet Fraud
Eric May 31, 2021
Share this Article
Facebook Twitter Whatsapp Whatsapp Email Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Post

Glo 2Gb Bonus for Birthday Anniversary
Glo 2Gb Bonus for Birthday Anniversary
MOBILE TELECOMS
@everyone group tag: How to Tag everyone on Facebook group
@everyone group tag: How to Tag everyone on Facebook group
Information Technology
Function of calgon in paint production
Function of calgon in paint production
Information
Free catalytic converter scrap value by serial number
Free catalytic converter scrap value by serial number
SOFTWARES Technology
Viking pump serial number lookup
Viking pump serial number lookup
Information Technology

You Might Also Like

Glo 2Gb Bonus for Birthday Anniversary
MOBILE TELECOMS

Glo 2Gb Bonus for Birthday Anniversary

August 15, 2022
@everyone group tag: How to Tag everyone on Facebook group
InformationTechnology

@everyone group tag: How to Tag everyone on Facebook group

August 14, 2022
Function of calgon in paint production
Information

Function of calgon in paint production

August 10, 2022
Viking pump serial number lookup
InformationTechnology

Viking pump serial number lookup

August 10, 2022
Show More

© Daily4mative. All Rights Reserved.

Removed from reading list

Undo
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Register Lost your password?