Sim Swap Fraud is one of the major issues in fraud today. This article published in Fox News highlights this:
Beware of creepy ‘SIM swap’ fraud that lets hackers take over your phone and steal your money. Click here to read the full article: https://www.foxnews.com/tech/beware-creepy-sim-swap-fraud
First you need to understand the problem:
Your WhatsApp account is not linked to your SIM card, but in actual fact it is just your cellphone number registered on the WhatsApp servers. When you remove your sim card from your phone or have WhatsApp running on your desktop you will still receive a WhatsApp message even if your SIM card is cloned.
How can we address this issue? WIZZIT has the solution.
It is very simple and cost-effective for the Banks, call centres, insurance companies and any other company concerned with fraud, to implement. By introducing the WIZZIT Authenticator technology to authenticate a transaction you will still receive the Authenticator message on WhatsApp even though your sim is swapped or deactivated.
For more information click here to contact us