Neville Wadia Institute of Management Studies and Research

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Save India From Corona To reach PM of India to take correct actions and avoid earlier mistakes in Handling Corona Situation

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.

What is a SIM swap scam?
A cellphone SIM card stores user data in GSM (Global System for Mobile) phones.SIM swap fraud is a type of identity theft.

Once SIM criminals have gathered enough information on a target, they create a false identity. First, they call the victim’s cellphone provider and claim that his or her SIM card has been lost or damaged. Then, they ask the customer service representative activate a SIM card or number in their possession.

Once they’ve gained unfettered access to a victim’s phone number, criminals target bank accounts.

“The attacker can read your SMS messages and see who you’re chatting with and what about,”. “Many banks will send you a code to log into an account or reset a password to a mobile phone via SMS, which means an attacker committing SIM fraud can request and receive the code and access your bank.”

Next, SIM fraudsters mask money withdrawals using a parallel system. They create a second bank account under the victim’s name (banks where the victim is already a customer have fewer security checks). When the criminals execute a transfer between the two accounts, it appears to the bank’s computer system as though the victim is transferring funds between two parallel accounts.

Signs of SIM swap fraud
It’s tough to detect SIM card fraud before it happens. Most victims discover they’ve been compromised when they try to place a call or text. Once the perpetrators deactivate a SIM, messages and calls won’t go through. But some banks and carriers have instituted protections that prevent SIM swap fraud before it happens.

How to prevent SIM swap fraud
“Users should avoid revealing too much personal data online, and check on what alerts can be set up with their bank or phone company to identify any attempts to access their account,”.
If you’re the victim of a SIM swap scam, it’s not the end of the world.
“Inform the bank or phone company as soon as you have any suspicions to reduce the impact of the attack,”.

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WHITE HAT HACKER: IRCTC Tatkal Booking Software 2015 LEARN HACKING TRICKS FROM MY BLOG MY DEAR FRIENDS,BUT All THESE ARE FOR EDUCATION PURPOSE ONLY. ME AND MY BLOG WILL NOT BE RESPONSIBLE FOR ANY WRONG USE OF THIS. enjoy it but never misuse it.....otherwise u will be punished

century is done.......100 likes.....umhhhhhaaaa

i dont know why i m missing my college days today.....and thinking about anu mam......vinod sir.....and college campus and comp lab also.........bcoz when we were in college.....i dont like my college and that classrooms.....i used to hang out in comp lab for 2/3 hrs a day with my dear friend and remaining time @ the entrance of wadia college with my best friend rakesh and sometime with anant and love to tease chicks.....@ that time i used to miss ness wadia campus.....and todays neville wadia..........finally i want to say one thing written by VISHAl BABA...lol..
kehte he na ki jab koi chiz apne pas hoti he tab koi uski kadar nahi karta aur uski impotance tab pata chalti he jab wo dur ho jati he........

kabhi kabhi socha hun fir se college me admission le lun but.....now neville cant deserve me....bcoz now what they can teach me.....lolz...

Hi Friends this is vishal....
As u already know that facebook ceo and founder mark zukerburg has stolen the idea of facebook from two twin brother in harvard university in 2001..... later on they complaint and got 65 million dollar in 2007...........

in 2009 they started a new project and launched the beta version in dec 2011...............u can join it know and become a share holder of this website................this rocking feature of share is added by them................currently there are thousands of member joining this web site in uk alone per day...........

totally free , new features than facebook and g+..............

IT will rule the future definately............................join today and become share holder now from india .... dont use different country ip to join..... because as beta it is limited to 7 country only............... use indian ip if u r indian..............

facebook worth 50 billion today but its users getting 0% ....... so this new idea is invoked by the twin...

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Hello

ha

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www.vishalsangwa.blogspot.com

WHITE HAT HACKER LEARN HACKING TRICKS FROM MY BLOG MY DEAR FRIENDS,BUT All THESE ARE FOR EDUCATION PURPOSE ONLY. ME AND MY BLOG WILL NOT BE RESPONSIBLE FOR ANY WRONG USE OF THIS. enjoy it but never misuse it.....otherwise u will be punished

hi friends its so great tht u r showing interest in this page..thnxs for tht and now its our responsibility to make this page more popular so tht every one should know how rocking is our college....so suggest it to ur friends...and make it famous among facebook user.......thnxs for ur love...

hi friends join yaha se hamari kafi yaadein judi he...kuch achi aur kuch.....