New Delhi. The Telecom Regulatory Authority of India (TRAI) has introduced new rules aimed at curbing online frauds, especially related to SIM swapping. In SIM swapping, fraudsters obtain personal information such as PAN card and Aadhaar card details and then issue a new SIM card under the victim’s name, often claiming that their phone was lost or stolen.
The primary objective behind these new rules is to prevent fraudsters from easily porting mobile connections after swapping SIM cards. TRAI claims that fraudulent activities can be reduced to a great extent by preventing immediate porting of mobile connections after SIM swapping. The increasing cases of SIM swapping frauds have raised concerns among mobile users. In such fraud cases, fraudsters exploit loopholes in the system to obtain OTP (one-time password) sent to the victim’s mobile number, enabling them to carry out fraudulent activities such as unauthorized transactions and identity theft. Are.
By obtaining personal identification details and initiating SIM swaps, fraudsters gain access to OTPs, which are critical for authenticating transactions and accessing sensitive information. This puts unsuspecting users at risk of financial loss and privacy breach.
TRAI’s new rules seek to address this problem by making it more difficult for fraudsters to immediately port a mobile connection after SIM swapping. By restricting the porting process, the regulatory body aims to disrupt fraudulent activities carried out through SIM swapping.
Although these measures are intended to enhance security and protect users from fraud, they may cause inconvenience to legitimate mobile users who actually need to port their connections for legitimate reasons. However, TRAI emphasizes that protecting users from fraudulent activities outweighs the inconvenience caused by the new rules.