SIM Swapping is one of the many cybercrimes that try to gain and intercept access to your personal devices. Criminals dupe telecommunications companies into swapping a victim's phone number to another SIM card under their control.
The SIMs are transferred by exploiting the two-factor authentication (2FA) method, granting them access to the victim's accounts. These criminals can now intercept authentication codes for online accounts, including cryptocurrency wallets and financial services.
SIM swapping is a criminal offense that could jeopardize a victim's fortune. Thus, steps to safeguard personal information are critical to ensure a person's online safety.