There were nearly 5,000 US breaches in 2023 alone -- exposing 350M+ identities and representing a 157% increase in breaches since 2020.
Scammers use phished or stolen account information to take over a consumer's phone number and divert all account changes and transaction verifications so the victim doesn't see the fraudulent activity.
The new FCC order mandates MNOs and MVNOs take measures to combat SIM swap and port-out fraud through key remedies for pre- and post-paid subscribers.
