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The FCC proposes rules to fight SIM swap and port-out fraud

The Federal Communications Commission in the U.S. this week announced that it started to work on rules that would pull the brake on SIM swapping attacks. The agency aims to introduce rules for mobile carriers to adopt secure methods for authenticating subscribers before redirecting a customer’s phone number to a new device or carrier. SIM swapping (also called SIM jacking) is used to hijack someones phone number and get access to two-factor authentication codes for financial services. The public needs to be informed of the proposed rule and given the opportunity to submit comments, a period that ranges between 30 to 60 days.”]

Source: https://www.bleepingcomputer.com/news/security/the-fcc-proposes-rules-to-fight-sim-swap-and-port-out-fraud/

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