Sim swap fraud
Fraudsters replace and take over the customer line.
Identity theft can be categorized into various sections, one of them being Sim Swap Fraud.
Fraudsters go to the extent of registering an existing number on a new SIM card in order to intercept notifications, one-time passwords, online banking profile and transactions as well as changing the account security settings.
To avoid this disastrous activity, it is key to ensure your SIM card has an active SIM lock, use strong passwords and keep personal information off social media.