Fed Instructs Telcos to Protect Consumers from SIM Swapping

The US Federal Communications Commission has issued a new order instructing telecommunications providers to take measures against SIM swap and port-out fraud attacks. According to a Bitdefender study [https://www.bitdefender.com/files/News/CaseStudies/study/404/BD-Security-Behavior-Report-Final-at.pdf] , financial fraud generates the highest level of anxiety, with 41% of online users concerned that scammers will eventually find ways to defraud them. These fears are justified, with SIM swapping
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