FBI warns of spike in schemes to break into your phone and nab money from your bank account
Fox News
Sophisticated scams that hijack your mobile phone and gain access to money accounts are surging, the FBI said in an alert.
A SIM swap is not your average cyber scam but is a sophisticated, multi-stage heist. When a swap occurs, criminals trick the wireless carrier into switching the SIM – a computer chip inside a mobile phone that contains an ID number unique to the phone's subscriber – to the criminal’s SIM.
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