NerdWallet: In this scam, criminals can clean out your financial accounts with just your phone number

NerdWallet: In this scam, criminals can clean out your financial accounts with just your phone number

This article is reprinted by permission from NerdWallet.
If you’re not familiar with SIM swap fraud, prepare to be terrified.
This scam, also known as port-out or SIM splitting fraud, allows criminals to hijack your cellphone number. Once they have your number, the bad guys can clean out your financial accounts, confiscate your email, delete your data and take over your social media profiles.
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