iVerify Launches SIM Swap Detection To Thwart Common Social Engineering Attack - The National Law Review

AI Summary

LexisNexis Risk Launches iVerify SIM Swap Detection to Combat Fraud LexisNexis Risk has introduced iVerify, a new solution designed to detect and prevent SIM swap attacks, a prevalent form of social engineering that threatens mobile account security. SIM swap fraud occurs when cybercriminals manipulate telecommunications providers to transfer a victim's phone number to a new SIM card, enabling them to intercept authentication messages and gain unauthorized access to sensitive accounts. The iVerify solution aims to provide real-time detection of SIM swap events, helping organizations and financial institutions protect customers from potential identity theft and financial fraud.