Few people all over the nation are getting trapped in a cybercrime known as ‘SIM Swap.’ SIM card exchange is usually registering a new SIM card with your phone number. Once you do, your SIM card will become invalid, and your smartphone will stop getting signals. Once the intruders got your phone number, they will get OPTs on their SIM. Thus, it becomes simple for them to do a bank transfer easily and even do shopping online.
The cyber cells of Police departments in the cities such as Bengaluru, Kolkata, and Delhi have already reported few cases of SIM Swap. The criminals are now using this new fraud or trap the unsuspicious smartphone users who end up losing cash in few seconds. And if you think that only illiterate people get stuck by this scam, you are wrong because even the tech-savvy youths too have ended up falling for this fraud. Moreover, criminals have invented a lot of ways to commit these scams.