Manage the risk associated with SIM swap
Businesses are facing a steady increase in fraud related to the takeover of online service users' accounts.
To do this, fraudsters get the credentials of customers' mobile lines through phishing campaigns, then they usurp their identity and claim a new SIM card from their Dealer (SIM swap).
Fraudsters are given the opportunity to receive OTP codes, to authenticate themselves and make bank transactions or purchases, in place of the customer.
With SIM Verify, the service provider is informed that the SIM card has been activated recently and can thus:
A user wants to access a sensitive service, which is protected by a code sent by SMS OTP (One Time Password)
The service provider, who wants to check whether the activation of the SIM card is
recent or not, queries SFR for the mobile number concerned
SFR returns this information to the service provider
The service provider may then use this information to assess whether there is a risk
of fraud related to a SIM swap and choose accordingly the authentication method most appropriate to the situation