Strengthening security by detecting potential fraudulent activities and offering an extra layer of protection.
Benefits
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.
Fraud Prevention
Detects and identifies fraudulent actions during account setup and transactions, safeguarding user information and financial assets.
Real-World Use Cases
Fraud Prevention
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.
Financial Transactions
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.
Health Applications
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.
Account Hijacking
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.
Frequently Asked Questions
Have Questions? We’ve Got Answers!
Explore our most frequently asked questions below. If you don’t find what you’re looking for, feel free to contact us.
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?
The attacker gathers personal information about you through social engineering, phishing, or data breaches.
They contact your mobile carrier, pretending to be you, and request to transfer your number to a new SIM card.
If successful, your phone service is transferred to their device, giving them access to your incoming calls and texts.
