Massive increase in SIM-swop fraud in South Africa

system32

Expert Member
Joined
Dec 29, 2009
Messages
4,518
Does not make sense that there has been a 64% increase in SIM swap when most banks have switched to App Based 2FA.

How do you sim swap an application 2FA?
 

supersunbird

Honorary Master
Joined
Oct 1, 2005
Messages
56,128
Can't SIM swap with Capitec even if the person didn't want to use the app.

Does not make sense that there has been a 64% increase in SIM swap when most banks have switched to App Based 2FA.

How do you sim swap an application 2FA?

I assume there are users that do not use the app at the other 4 big banks, and thus still authenticate via SMS.

And anyway, FNB sends SMSs when I add beneficiaries and such, comms does not come through the app, it comes via SMS.
 

Swa

Honorary Master
Joined
May 4, 2012
Messages
28,476
Just remove the incentive for sim swops.
 
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