FCC Proposes New Rules to Fight SIM Swapping Scams

The Increasing Threat of SIM Swapping and Port-Out Fraud

SIM swapping scams have seen a notable increase in frequency over the last few years. Given that a majority of online accounts are now linked to phone numbers, this method presents a significant risk to individuals.

The potential consequences of these scams can be devastating, impacting victims’ lives in numerous ways.

FCC Action to Combat Phone Number Hijacking

In response to this growing problem, the Federal Communications Commission (FCC) is initiating steps to establish new regulations. These rules are specifically designed to mitigate the risks associated with SIM swapping and port-out fraud.

Both of these techniques are employed by malicious actors to unlawfully gain control of individuals’ phone numbers and, consequently, their digital identities.

Consumer Impact and FCC Response

The FCC has documented a substantial number of complaints from consumers. These individuals have experienced considerable distress, inconvenience, and financial losses due to these hijacking practices.

SIM swapping involves a perpetrator persuading a wireless provider to transfer a victim’s phone service to a device under their control.

Port-out fraud occurs when a successful transfer of the victim’s service and number is completed to a different carrier.

Public Input and Rulemaking Process

Currently, the FCC is accepting public comments regarding these proposed rules as part of its formal rulemaking process.

The commission will carefully review all submitted feedback. A further opportunity for public comment will be provided before any final decisions are made regarding amendments to existing regulations.

This article was originally published on Engadget.