SIM Swap Fraud Is Surging — and That's a Good Thing

The article highlights a tenfold rise in SIM swap fraud as attackers exploit SMS-based two-factor authentication, vulnerable telco processes, and eSIM provisioning to hijack accounts; it warns that phone numbers have become single points of failure. The author urges organizations to abandon SMS as an authentication fallback, adopt phishing-resistant methods such as passkeys, FIDO2 and hardware tokens, and redesign recovery/support workflows to remove phone numbers as identity verifiers.