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Drew Blankenship

SIM‑Swap Scams Are Surging — How Criminals Drain Bank Accounts in Minutes

SIM-swap scams
Image Source: Shutterstock

Picture this: you’re checking your phone and suddenly realize that you have no signal. Most people would shrug this off as a simple network issue, at least at first. However, within minutes, criminals could be accessing any information on your phone without you even knowing it. They could get into your email, reset your password, and transfer money from your bank accounts in moments. Unfortunately, this is the reality of SIM-swap scams.

Just about everyone uses a cell phone, and they are tied to multiple online accounts, security codes, passwords, and other sensitive information. Once scammers have control of your phone number, it can make your life miserable. Here’s how it happens, and what you can do to better protect yourself.

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