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Sim Swap

Benefit

The integration of this API helps in the fight against fraud related to anomalous SIM exchange events, which may indicate a risk of account takeover fraud. Whether you retrieve status on demand, run a one-time verification, or subscribe to swap events, you get tighter security in account creation processes, user authentication and a better user experience.

In addition, SIM Swap's Unified API Access feature guarantees you access to the network capabilities of different carriers through a single, standardised interface.

Variants

  • Sim Swap Retrieve: On-demand lookup of current SIM swap status for a phone number.
  • Sim Swap Verification: One-time verification of whether a recent SIM swap has occurred (e.g. at login or transaction time).
  • Sim Swap Subscription: Ongoing monitoring with notifications when SIM swap events occur in your user base.

Usecases

  • Fraud prevention in banking: A bank may retrieve or verify SIM swap status when a transaction appears suspicious. The SIM swap information feeds into the bank risk decision engine and security measures are applied accordingly. With a subscription, strange behaviours or accumulation of SIM swap notifications may help banks detect fraud scenarios in advance. Fraud prevention for password reset (e-commerce, social networks, etc.): Password reset is often protected via mobile verification (e.g. OTP SMS). The service provider may run a Sim Swap verification or retrieve status to secure the flow. A recent SIM swap may indicate account takeover risk and the provider can adapt security measures accordingly.
  • Prevention of Fraudulent Activities: The Sim Swap API (retrieve, verification, and subscription) helps businesses detect and prevent unauthorized SIM swap attempts, a common method used in account takeover fraud. By identifying changes in a user’s SIM card status, the API provides an additional layer of security for sensitive transactions and account access.
  • Improved Trust and User Confidence: By safeguarding user accounts against SIM swap fraud, businesses can build trust with their customers. Users benefit from knowing their accounts are protected, which enhances satisfaction and loyalty while reducing the likelihood of service abandonment due to security concerns. Operational efficiency for the API customer (cost savings).
  • Enhanced Security for User Accounts: Retrieve and verification ensure that only legitimate users can access their accounts or authorise transactions by confirming that the mobile line has not been compromised. This reduces the risk of unauthorized access and protects both users and businesses from potential breaches. Seamless Integration for Risk Management: The Sim Swap API can be easily integrated into existing systems to provide real-time insights into SIM changes (on-demand retrieve, point-in-time verification, or subscription alerts). This allows businesses to incorporate it into their risk assessment processes, enabling proactive responses to suspicious activity without disrupting user experience.