BUSINESS

What is SIM Swap scam? How to stay safe

By Rishabh Raj

1

Delhi woman's loss

A Delhi woman got three missed calls from an unknown number. She then called back on the number, and was tricked by someone posing as a courier service representative.

2

Scammer's courier ruse

She shared her address with the supposed courier representative, and later received two messages about a Rs. 50 lakh debit from her account.

3

SIM swap mechanics

Scammers gain control of a victim's phone number by convincing the service provider to activate a new SIM card in their possession, allowing them to access calls, messages, and commit the theft.

4

How to stay safe

Avoid sharing personal details online and confirm caller's identity before sharing sensitive data. Never reveal OTPs to people claiming to be officials or banking representatives. 

5

Educate yourself

Educate yourself about various scams. By remaining informed and taking appropriate steps, you can prevent yourself from falling victim to scams.

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