{"id":2817,"date":"2021-08-25T00:00:00","date_gmt":"2021-08-25T00:00:00","guid":{"rendered":"https:\/\/www.telesign.com\/sim-swap-fraud-is-on-the-rise-are-your-users-protected"},"modified":"2023-12-20T02:46:30","modified_gmt":"2023-12-20T02:46:30","slug":"sim-swap-fraud-is-on-the-rise","status":"publish","type":"post","link":"https:\/\/www.telesign.com\/es\/blog\/sim-swap-fraud-is-on-the-rise","title":{"rendered":"SIM swap fraud is on the rise. Are your users protected?"},"content":{"rendered":"\n

Let’s face it – even with the strongest of passwords, two-factor authentication, or never getting reeled in by a phisher – anyone can be a victim of a cyberattack. If Jack Dorsey can get his Twitter account hacked – how exposed are your users?<\/p>\n\n\n\n

As the global adoption of digital banks, wallets, and cryptocurrency skyrockets, companies and consumers are exposed to new, unprecedented opportunities for fraud and theft. For consumers and financial institutions, cyber fraud is a frightening proposition. In 2020, 39 million consumers lost a collective $43 billion to identity fraud, according to Javelin Strategy’s 2021 Identity Fraud Study<\/a>. Unfortunately for consumers, fraud losses are not always covered by the financial institution.<\/p>\n\n\n\n

Nearly 1 out of 3 identity fraud victims believe their financial service provider did not resolve the issue, and a concerning 4 out of 10 victims closed their accounts at the financial institution where their fraud occurred.  Identity fraud victims pose a significant threat to customer attrition, loyalty, and growth.<\/p>\n\n\n\n

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