Month: March 2020

SIM Swap Fraud: How safe is your mobile number as a unique identifier for financial transactions?

Kingsley Unah, MBA, FCA, CISA The phone number, Mobile Station International Subscriber Directory Number (MSISDN) and Mobile Directory Number (MDN) as it is known in GSM and CDMA respectively, have evolved from a mere identifier of a subscriber in a telephony communication to a unique identifier of a person undertaking a financial transaction. Banks require the …

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