Phone-Y

Here’s the latest way to get scammed, and it’s pretty creepy. The SIM splitting fraud (or port-out) allows criminals to hijack your cellphone number. Once they have that, they are able to clean out your bank accounts, grab your email, delete your data and take over your social media profiles. How so? Many companies, including banks, email providers and social media platforms, verify your identity by texting a code to your cellphone. If a bad guy has access to your SIM info, they have pretty much wide-open access to everything that you access via smartphone. How can you best avoid SIM splitting happening to you? Experts say you should ask your phone company to put a more secure personal identification number on your account, then see if you can switch to more secure authentication on your sensitive accounts.

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