IT Security Outsourced IT

SIM-Swapping Attack

What is a SIM-Swapping Attack? SIM swapping, sometimes called SIM hijacking, occurs when a device tied to a customer’s phone number is fraudulently manipulated. Cyberattackers usually employ SIM swapping as a way to receive one-time security codes from banks, cryptocurrency exchanges, and other financial institutions. A study by Princeton University found that four-fifths of SIM-swap […]