Sim Swapping
SIM swapping fraud is an account takeover scamthat targets a weakness in some forms of two-factor authentication in which a call or text message sent to a mobile telephone is the second factor or step.
![synthetic identity 1](../../../../../../../images/fraud-detection/learning/concepts/behaviours/frauds/sim-swapping1.png?width=15.3pc)
![synthetic identity 2](../../../../../../../images/fraud-detection/learning/concepts/behaviours/frauds/sim-swapping2.png?width=15pc)
![synthetic identity 3](../../../../../../../images/fraud-detection/learning/concepts/behaviours/frauds/sim-swapping3.png?width=15pc)
![synthetic identity 4](../../../../../../../images/fraud-detection/learning/concepts/behaviours/frauds/sim-swapping4.png?width=15pc)
Result
Fraud, SIM Swapping.
Example
A user makes transaction with another user’s device and from usual location.
Requeriments
- User-1 is required to be registered
- User-2 is required to be registered
Procedure
- User-1 makes a login and a transfer with Device-1 from Location-1
- User-2 makes a login and a transfer with Device-2 from Location-2
- User-2 makes a login and a transfer with Device-1 from Location-1
Updated: November 25, 2022