Online fraud has become a significant threat, with fraudsters targeting mobile phones and financial accounts through various schemes.
Fraudulent SIM swaps often carried out through compromised channels, allow criminals to take control of accounts.
Handset grabbing remains another tactic, giving fraudsters access to sensitive data. Scammers also impersonate telecom representatives through calls and SMS, tricking victims into revealing personal information.
Ponzi schemes promising quick wealth, fake loan offers, and unreliable "get rich quick" investments lure unsuspecting users into financial loss.
Additionally, poorly designed products and services launched without prioritizing customer safety expose users to vulnerabilities.
