Leading continental banking group, Ecobank has once again, raised alarm on the dangers of SIM swap fraud.
In a message to customers via email, the bank explained that “SIM swap fraud occurs when scammers use your phone number to access your accounts.
According to the bank, “Scammers impersonate you and trick your mobile phone’s carrier into activating a SIM card, which gives them control over your phone number. It means scammers could potentially enter your username and password when logging onto your online banking platform and then receive the SMS verification code to access your account.
“Protect yourself against SIM swaps, Don’t share personal information that fraudsters could use to impersonate you (such as your mother’s maiden name or birthplace) on social media. Never reveal your logins and passwords for your mobile phone, online bank or credit card accounts to anyone .. .
It therefore advised that “Please always report any suspicious activity
Be cyber safe. #BeSecure
