Sim Swap Hack Explained

Sim swaps are a fast growing type of security con designed to steal your data, money, and privacy. In this video I talk about how they happen, and how you can avoid becoming a victim of this scam.

Please share this video to spread the message about the dangers of relying on 2FA for security purposes. People you know could become victims to this costly attack if they're unaware of its presence.

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[MoneyHustleee]

Cloaked Wireless solved this problem by preventing their staff from being able to modify customer accounts

[gbass]

Hello - is there a hacking liability for selling a SIM card not in use by your phone account anymore?

[mrroundhead]

This is happening to me last 2 weeks and i cant stop it, changed all my bank cards 3 times and my sim card, its ruining my life

[jasonworldwide]

But I don't understand where the hacker gets the new SIM card from. Does the cell phone company mail them a new SIM...to a different address than what's on the account?

[TerenaDawn]

I have a stalker who has a background in cyber hacking and has attacked me personally. My SIM card suddenly stopped working recently. I'm wondering if this was him... I went in to get a new sim card a couple hours later in-store. I had no fraudulent or suspicious activity. My question is: once the provider activated my new sim, would they have told me if my number had been hijacked and would they disclose that or discuss that? Would the store rep see if such a thing had occurred and would they question me about it?

[ff_rudiii]

Your act of kindness and service has shown me that you're good and highly honored person I never knew there were still good people out there! Thanks for the jo...

[OwenGilmoreOG]

I still don’t understand how this would work if the hacker didn’t have your account password and username. It would be a pain in the neck to have your phone number stolen out from under you but how would that enable the criminal to steal your money? Would swapping the sim enable them to clone your phone? AFAIK no it doesn’t. Tell me what I am missing here if anything. Thanks!

[Hal_T]

How does this explain the problem. It's TWO factor authentication. I understand how the hacker might defeat the text message authentication ... but that is the SECOND factor. How does the hacker get past the FIRST authentication? Lost password?

[andaris]

After a sim swap, what does a thief have? An empty phone that will now receive your SMS? Or is the thief also able to restore all the apps & data on your phone? What would they need to do that? You current phone pin? You icloud or google account and password? Am just super curious exactly what info they have to get from you after the sim swap to complete the financial thefts?

[mahnazpar]

Hello, in my opinion, this video contains complete and comprehensive information, as you explain, it is clear, the explanations are clearly stated. Or even the family can use. Thank you again

[yeti]

Unfortunately this happened to me recently. If anyone is in this position contact your provider and report your sim as stolen immediately. They will then bar the sim. I didn't know that this type of scam was possible so I did not do this immediately.

[airportdocumentaries]

Phone service companies are responsible. They should ask for ID before they transfer phone numbers.

[adamchristopher]

Just got sim swapped and scared as hell cause boost mobile wont do anything except escalate a ticket...they cant give my phone number back to me right away and the hacker still has his phone listed on my account..iphone which i never owner one in my life..

[sole__doubt]

I shared your video on Twitter since so many people are wondering how Matt Walsh was hacked. Excellent video on the sim swap. :)

[heya-cs]

I don’t get how at 2:17, the hacker could transfer the bank account money to another account, you gotta add a receipient and wait 24 if I’m not wrong

[Jag-wsue]

Problem which you have not addressed is no bank uses 2FA Google authenticator, except Paypal, its all OTP or SMS

[МирославТокач]

I think that everything in life needs to be checked and analyzed, this is the key to productivity

[loucipher]

i still dont get how getting access to your sim card number would allow them to take all your bank money unless someone in the bank sold your account data in the first place and all they need now is the sim TAC code to make transfer
there is always a snitch

[OliverGardens]

I don't think I have a single online account that only uses an SMS text to login. It always requires a password then an SMS text. Don't see how this works

[onimaru]

Can't you just get a phone and take sim card out and only use wifi on it to protect your crypto