Account takeover protection with SIM Swap
As the number of digital transactions made around the world grows, so does the risk of account takeover. Businesses that use SMS to send one-time passcodes (OTPs) as a means of two-factor authentication are particularly at risk.
Our SIM Swap API can help. It gives a date and time stamp showing when a SIM associated with a phone number was last changed – a recent change can indicate potential account takeover and possible fraud – providing partners with an extra layer of security.
On receiving the customer’s verified number, the API responds with a timestamp of the last time the SIM was changed – e.g. “simChange”:”2002-10-02T15:34:00:000Z”.
The SIM swap product offers a mechanism through which a service provider can request information about when the SIM card was last changed by the mobile customer.