In a proactive move to safeguard consumers from emerging digital threats, the U.S. Federal Communications Commission (FCC) has proposed new regulations aimed at curbing the rise of “SIM swap” and “port-out scams.” These malicious activities have been on the rise, with fraudsters exploiting vulnerabilities in mobile communication systems to gain unauthorized access to victims’ personal and financial information. What is a “SIM Swap” attack? SIM swapping occurs when scammers or a bad faith actor happens to get their hands on either your phone number or your phone’s SIM card, allowing them to access your accounts or “reroute” that now stolen […]