Security News > 2016 > April > SIM Swap fraud is gaining momentum (Help Net Security)

SIM Swap fraud or SIM Splitting, a financially-motivated mobile phone threat, is gaining momentum according to Foursys. Remote banking losses increased significantly last year, according to the latest FFA UK (Financial Fraud Action UK) report. “Total remote banking loses increased by 72 per cent to £168.6 million in 2015. A key driver of this increase was the rise in impersonation and deception scams in which a criminal dupes the victim into giving away their personal … More →

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