Fact Check: Fraud called SIM SWAP has started, network to go zero

Ayupp Ayupp

Brief Outline: Fraud called SIM SWAP has started. Person will tell you that he is calling from Airtel/Vodafone/Jio and there is a problem in your mobile network and to press 1 on your phone to get the network back.

Ayupp Verification: Fake

Origin: The news is widely popular on the social media sites.

Viral Example: Dear All,

Pls read this message very carefully:

"Fraud called SIM SWAP has started. Your phone network will go zero and after sometime a call will come. Person will tell you that he is calling from Airtel/Vodafone/Jio and there is a problem in your mobile network and to press 1 on your phone to get the network back. Once you press 1, the network once again becomes zero and your phone is hacked. This is called as SIM SWAP fraud, which is increasing day by day. Within second, they will empty your bank account and you will not know as your phone is switched and you will not get any information from bank that money is being withdrawn."

So please be careful.

👉Through Jorhat Police

Dear All,
pls read very carefully this message. A fraud took place with one customer and amount was withdrawn from his account. A new fraud called SIM SWAP has started. Your phone network will go zero and after sometime a call will come. Person will tell you that he is calling from Airtel/Vodafone/Jio and there is a problem in your mobile network. Please press 1 on your phone to get the network back. Once you press 1, the network once again become zero and your phone is hacked. This is called as SIM SWAP fraud, which is increasing day by day. Within second they will empty your bank account and you will not know as your phone is switched and you will not get any information from bank that money is being withdrawn. So please be careful.

Google Advertisement:

Detailed Analysis: Be careful before believing on such message and especially from any unofficial groups of any government organization. Yes the above message is being shared by the users as warning from the so called Cyber Crimes Police Station, Hyderabad City, India and from Unofficial page in the name of Assam Police. This message is more viral on the whatsapp group, twitter and facebook.

Here are a few tips to prevent Sim-Swap to prevent your bank account hack

Lets us understand what is SIM SWAP?

As issued in HDFC bank safety.

Under SIM Swap , fraudsters manage to get a new SIM card issued against your registered mobile number through the mobile service provider. With the help of this new SIM card, they get One Time Password (OTP) and alerts, required for making financial transactions through your bank account.

Step 1: Fraudsters gather customer’s personal information through Phishing, Vishing, Smishing or any other means.

Step 2: They then approach the mobile operator and get the SIM blocked. After this, they visit the mobile operator's retail outlet with the fake ID proof posing as the customer.

Step 3: The mobile operator deactivates the genuine SIM card and issues a new one to the fraudster.

Step 4: Fraudsters then generates One Time Password (OTP) required to facilitate transactions using the stolen banking information. This OTP is received on the new SIM held by the fraudster.

How to protect yourself from fraud:

  1. If your mobile no. has stopped working for a longer than usual period, enquire with your mobile operator to make sure you haven't fallen victim to the Scam.
  2. Register for SMS and Email Alerts to stay informed about the activities in your bank account.
  3. Regularly check your bank statements and transaction history for any irregularities.

 Clearly SIM SWAP dosent works in the way as mentioned In the facebook and social media shared message.

Here's how to stop SIM fraudsters from draining your bank account

If you haven't experienced SIM swap fraud, count yourself lucky. It's a relatively new, sophisticated form of fraud that allows hackers to gain access to bank accounts, credit card numbers, and other personal data. It's tough to spot, and even tougher to undo the resulting damage. It's a growing trend.



You may also like to read our latest analysed news:
- Indian High Commission Kenya tweets photoshopped images of Indians doing Yoga; Says sorry
- Facts Check: Did China execute 26 corrupt politicians
- Did Rajnath Singh Damaged official residence on vacating, SP leader
- TOI Fake news: On cam: Girl’s bungee jump goes horribly wrong

Note: If you like our work, don't forget to share and like ayupp.com on facebook, twitter.
Loading...
Ayupp News