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Understanding SIM Swapping: A Modern Cyber Scam

In an increasingly interconnected world, the threat of cyber scams looms large. Among them, SIM swapping is a sinister fraud tactic that can drain bank accounts and leave victims in despair. This article dives into the mechanics of SIM swapping, illustrated through the harrowing experience of Justin Chan, a victim who lost $38,000 in a matter of days.

The Start of a Nightmare

Imagine it's a typical weekday evening. You're relaxing with a cup of tea after a long day, mindlessly scrolling through your emails when suddenly, your phone loses service. Confused, you see an unfamiliar "SOS" sign on the display. You reboot your device, hoping for clarity, but instead, your concerns escalate.