'Even banks are concerned about sim swap fraud'

On two occasions in the past week, #NightTalk's Sizwe Dhlomo was affected by attempted sim swap fraud.

He was quick to act against these fraudulent activities on his two mobile numbers, but how many people do not see this kind of fraud happening to them early enough.

According to MyBroadband senior journalist Jan Vermeulen, sim swap fraud is an issue which has caused great concern for South African banks.

He says that FNB has gone as far as changing its one-time password system due to the prevalence of sim swap fraud in the country.

What kind of security does having people provide their ID number at a security check point actually provide?

Jan Vermeulen, senior journalist at MyBroadBand

Vermeulen says that it is difficult to find out what happens to people's data when they have to scan their personal details such as ID numbers at security check points.

Its an unfortunate situation we're in South Africa, where not only do we have a single identifier assigned to every human being in the country who is a permanent resident, this identifier is being used everywhere, not just in secure databases

Jan Vermeulen, senior journalist at MyBroadBand

He says that people have become more vulnerable to sim swap fraud because people's identification details are being kept in more places than before, which might be as secure as before.

You don't know whether this guy (the scammer) is trying to buy a phone in your name, which is almost something which is easier to deal with, or if he's trying to steal all your money in your bank account

Jan Vermeulen, senior journalist at MyBroadBand

Vermeulen says that receiving an SMS notification about someone trying to conduct a sim swap on your phone is one of the final steps for a scammer to infiltrate your bank account.

Listen to the conversation below:


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