Oct 10, 2023
In today's digital age, seamless integration of technology has revolutionised the way we interact with people, thereby increasing our reliance on mobile phones. Besides being a portal to the digital realm, our smartphones grant instant access to information.
But with this unparalleled convenience, your mobile phone usage may bring a lurking risk of SIM swap fraud. As the deceptive tactics of SIM swap fraudsters have increased these days, your personal information, financial accounts, and sensitive data are at serious risk.
SIM swap fraud occurs when someone unlawfully replaces your mobile SIM card, often for deceitful purposes. The fraudsters take advantage of security features by exploiting the importance of mobile numbers, especially in banking services.
They obtain duplicate SIM cards under your registered mobile number by deceiving telecom operators or collaborating with their representatives This grants them access to your confidential bank communications, besides enabling them to carry out fraudulent activities. Once they get the new SIM, they can intercept sensitive details like one-time passwords (OTPs) and other transaction alerts. This allows them to carry out unauthorised financial transactions through your bank account.
You must identify potential SIM card scams and other fraud attempts before the scammer contacts your mobile operator. To safeguard against these attacks, the below indicators will be useful to remain vigilant:
Staying vigilant against the above signs will empower you to detect and respond to SIM card scams before they escalate. They will also help you protect your personal information and digital identity.
Here are some important measures you should take to stay alert and prevent the risk of SIM swap fraud:
In today's digital era, safeguarding yourself from the growing menace of online scams has become more important than ever. Meet Vigil Aunty from HDFC Bank, your trusted influencer and digital protector, equipped with the latest knowledge on preventing fraud. With the notable increase in financial fraud cases, the purpose of Vigil Aunty is to spread awareness about these scams.
The clear and impactful mission of Vigil Aunty is to lead the charge for 'Freedom from Frauds,' ensuring everyone enjoys a secure and worry-free banking experience. Throughout this digital journey, Vigil Aunty aims to educate and empower individuals with anti-fraud techniques, assist those who have been targeted, and build a strong collective effort against fraudulent activities.
Learn more about fraud prevention techniques with HDFC Bank's Vigil Aunty.
References
https://www.hdfcbank.com/personal/useful-links/security/stayvigil
https://www.hdfcbank.com/personal/useful-links/security/beware-of-fraud/sim-swap
Read more about : How to Identify Suspcicious Transcations | How Online Shopping Fraud Can Happen | How to Identify E Commerce Fraud
Join Vigil Army, where Vigil Aunty will decode various frauds and give people a heads-up on the dos and don’ts of combating frauds online. To join the Vigil Army, send ‘Hi’ to her via WhatsApp number: 7290030000
Disclaimer: The appearance of Vigil Aunty's bindi has been refreshed with a change in color from red to blue for a distinctive look.