TERM:
SIM Cloning

Definition:

A victim’s SIM card data, containing all of their phone’s data, is copied to a fraudster’s SIM so that the fraudster can impersonate them and access all incoming communication, as well as mobile banking. To keep personal information secure, users are advised to make sure they download the latest banking apps directly from the official websites, and be wary of using financial institution contact details from SMSes or emails, as well as confirming account details via email, SMS, or telephone. Also, if a user realizes (s)he is not receiving calls or text notifications, (s)he may have fallen victim to a SIM card cloning scam.