What is SIM-Swap Fraud, How to Prevent - A new Method of Bank Fraudsters

Intro:
SIM-Swap involves a fraudster issuing a duplicate SIM card which is registered under your name. With a SIM card that shares the same number, the fraudster can stalk and save your bank related information via Mobile Banking transactions.

HERE ARE A FEW TIPS TO PREVENT A SIM-SWAP:

-Enquire with your mobile operator if you have no network connectivity and are not receiving any calls or SMS’ for unusually long periods
-Contact your Service Provider immediately as soon as you receive an indication of a probable SIM-Swap
-Do not switch off your cell phone in the event you receive numerous unknown calls. It could be a ploy to get you to turn off your phone and prevent you from noticing a tampered network connection
-Register for instant alerts (SMS and E-mail) that inform you of any activity regarding your bank accountCheck your bank statements and online banking transaction history regularly so you can identify any issues or irregularities
-Do not share the 20-digit IMEI number mentioned on the back of the SIM card with anyone.
-Do not share any SMS alerts like One Time Password(OTP) etc. with anyone.

So, stay aware and stay safe

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Disclaimer -the above Data extracted  from various banking security portals