It is important that one is updated on the net to know about the ways and procedures which can be used by fraudsters to perform a fraud against you. Time is to act now rather than repenting on the split milk.
First of you must know that what is sim cloning and how it can be undertaken. Continue reading to get updated as being informed is better armed as a sim cloned can make you prone to a financial fraud.
You may receive phishing e-mails from unknown sources, asking for your mobile number and bank account details. This information can then be used to get a duplicate SIM from your mobile service provider and gain access to your SMS alerts and one time passwords, to make fraudulent transactions from your account.
Simple ways to ensure your account's safety, online.
The One Time Password (OTP) and transaction alerts sent to your registered mobile phone secure your internet banking transactions. However, your SIM card itself is vulnerable to fraud by cloning. This could compromise your bank account as well.
