E2E Alert! SIM Swapping

 

E2E Alert! SIM Swapping. What happened to one of our clients…

We had a scary call from one of our clients last Friday. She had her cell phone data stolen and one of her bank accounts hacked and money taken. Things are now under control but it is a reminder to always be on alert and have a cyber security game plan. The story….

Our client, let’s call her Maria, went to a one of the big cellular carrier stores to have her cell phone serviced.

A few nights later, Maria’s computer started playing a YouTube video by itself after 11pm. When she tried to turn off the video, she had no control over her computer, and there was a screen with a phone number and a message: “Your computer has been hacked.” Her phone started ringing incessantly from that number.

She called her IT person, who had her disconnect her computer. Later that morning, she received a notification from her bank of a Zelle transaction (Maria doesn’t have a Zelle account). The bank locked the account, as there were 9 more Zelle transactions pending.

While dealing with the bank, Maria’s computer guy called her and suggested that it’s highly possible she has been a victim of SIM Swap. This is a new scheme where a worker at the cell phone store had swapped out her SIM card and stolen the data on her cell phone. It’s called SIM swapping. Read more by clicking the link.

It’s important to have tech systems in place when something like this happen. Maria had IT support. You can find one locally or a worldwide service like NerdApp. We at E2E take cyber security seriously and have all our devices protected and monitored by a cyber security company and we have malware protection installed. We currently use the paid version of MalwareBytes.

Want to learn more about us and how we can help you pursue your financial goals? Click here to schedule a free financial review meeting.

Your weekly market update is here.

Securities offered through LPL Financial, Member FINRA/SIPC. E2E Financial is another business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance LLC, a registered investment advisor. Independent Advisor Alliance is a separate entity from LPL Financial.

The information contained in this e-mail message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete.

This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. Investing involves risk including the possible loss of principal.

The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. Indexes are unmanaged and cannot be invested in directly.

The Standard & Poor’s 500 Index (S&P500) is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
The Bloomberg U.S. Aggregate Index represents the U.S. investment-grade fixed-rate bond market. This index is unmanaged, and its results include reinvested dividends and/or distributions but do not reflect the effect of sales charges, commissions, account fees, expenses or U.S. federal income taxes.

Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal. Any economic forecasts set forth may not develop as predicted and are subject to change.

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Market Index captures broad US equity coverage. The index includes 3,204 constituents across large, mid, small and micro capitalizations, about 99% of the US equity universe. Indexes are unmanaged and cannot be invested in directly.
International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets.

Don’t miss the next one. Subscribe for early access.

ARE YOU READY TO TAKE YOUR PRACTICE TO THE NEXT LEVEL?