SIM Swap

Strengthening security by detecting potential fraudulent activities and offering an extra layer of protection.

Benefits

This standardized API integrates SIM swap detection into your apps, enhancing security by identifying potential fraud. It leverages carrier network data to enable quick, proportionate adjustments to security protocols. This provides an additional layer of protection, allowing services to respond swiftly to potential threats.

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Enhanced Security

Strengthens two-factor authentication by continuously assessing SIM swap risks, ensuring user accounts remain secure.

Real-Time Alerts

Continuously monitors SIM swap activities and immediately triggers alerts, providing timely warnings to prevent fraud.

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Fraud Prevention

Detects and identifies fraudulent actions during account setup and transactions, safeguarding user information and financial assets.

Easy Integration

The standardized API ensures a quick, seamless, and consistent setup across various platforms, reducing development time and complexity.

Use Cases

Better 2FA in Fraud Prevention

Integrating the SIM Swap API into two-factor authentication workflows enhances user verification during registration. The API enables applications to proactively identify and prevent potential fraud related to SIM swapping. This additional layer of protection significantly improves the security of user accounts, ensuring that only legitimate users can access their information.

Strengthening TAN Procedures in Banking Transactions

Integrating the SIM Swap API enhances Transaction Authentication Number (TAN) procedures. This adds an extra verification layer, ensuring that TAN-based transactions are securely authorized by the user. By executing transactions through a secure SIM environment, banks can minimize the risk of unauthorized access and fraud attempts.

Enhanced Access to Health Applications

Protecting a user’s confidential medical data is paramount. The compliant SIM Swap API bolsters security protocols in digital health services. This solution simplifies and secures the protection of electronic medical records, telemedicine sessions, and remote monitoring systems. By integrating this API, healthcare providers can ensure robust security, contributing to the evolving landscape of digital healthcare.

Protection Against Account Hijacking on Social Networks

Identity theft is a prevalent method in social media scams. By integrating the SIM Swap API, social networks can actively monitor and detect suspicious SIM swapping activities associated with user accounts. This proactive measure not only safeguards users’ identities but also enhances the overall security of the platform. As a result, trust is increased, and user interaction is improved.

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Frequently Asked Questions.

What is SIM swapping?

SIM swapping, also known as SIM hijacking, is a type of identity theft where a fraudster transfers your phone number to a new SIM card without your knowledge or consent. This allows them to receive your calls, texts, and potentially bypass two-factor authentication for your accounts.

How does a SIM swap attack work?

1. The attacker gathers personal information about you through social engineering, phishing, or data breaches.

2. They contact your mobile carrier, pretending to be you, and request to transfer your number to a new SIM card.

3. If successful, your phone service is transferred to their device, giving them access to your incoming calls and texts.

What are the risks of SIM swapping?

1. Access to your text-based two-factor authentication codes.

2. Potential unauthorized access to your email, social media, and financial accounts.

3 Identity theft and financial fraud.

How does the SIM swap API work?

The SIM swap API is a powerful tool designed to detect and prevent SIM swap fraud.

Here's how it works:

1. Real-time checks: When a user attempts to authenticate or perform a sensitive action, the API can be queried in real-time to check if a SIM swap has occurred recently.

2. Historical data: The API maintains a record of SIM swap events, allowing it to provide information on whether a SIM swap has occurred within a specified timeframe (e.g., the last 7 days, 30 days, etc.).

3. Risk assessment: Based on the recency and frequency of SIM swaps, the API can provide a risk score or a binary yes/no response to indicate whether a SIM swap is likely to be fraudulent.

4. Integration: The API can be easily integrated into existing authentication flows or risk assessment systems. When a high-risk SIM swap is detected, additional verification steps can be triggered.

5. Privacy-preserving: The API is designed to provide necessary security information without compromising user privacy. It doesn't share personal details, only the relevant SIM swap status.

6. Carrier agnostic: The API works across multiple carriers, providing a unified interface for checking SIM swap status regardless of the user's mobile network operator.

By leveraging this API, businesses can add an extra layer of security to their authentication processes, significantly reducing the risk of account takeovers due to SIM swap fraud.

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