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How SIM swapping led to a $1.8M cyber fraud case

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62% Informative

Oren David Sela , 36 , stole mail, hijacked phone numbers and used victims’ identities to drain bank accounts, stealing over $1.8 million .

SIM swapping is a form of identity theft where a scammer tricks a mobile carrier into transferring your phone number to a new SIM card they control.

Once they control your number, they can: - Receive all your incoming calls and texts - Reset passwords on your email, bank, and social media accounts - Bypass security alerts sent to your phone - Lock you out of your own accounts.

Identity theft companies can monitor your SSN , phone number, and email address and alert you if it is being sold on the dark web or being used to open an account.

Consider using a password manager to generate and store complex passwords securely.

Installing antivirus software on all your devices can help protect you by blocking malicious links and detecting phishing attempts.