Passive Biometrics Help Battle SIM Swap Fraud
At a high level, SIM swap fraud involves bad actors using personal data that transfer victims’ cell numbers to their own SIM cards (a key component of mobile devices) in order to gain access to incoming calls, text messages and security prompts, which in turn can be used to gain access to communications that should have gone to the victim. Before delving into how to stop it, it’s worth stopping for some background as to how it happens.
In short, internet technology isn’t very inclusive.
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