
SIM Swap Scams: Hijacked Phone Numbers Lead to Big Losses
Mobile carriers can be tricked into handing over your phone number to a criminal. Once that happens, texts and calls – including one‑time passcodes – go to the attacker instead of you. In 2024 the FBI recorded nearly $26 million in U.S. losses and the UK saw a 1,055 percent spike in SIM swap cases. This article explains how SIM swap scams work, why they’re so dangerous, and steps you can take to stop them.
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