A Growing Threat to Your Finances: Cell-Phone Account Fraud

Cell Phone Fraud

Photo by Gilles Lambert on Unsplash

Octavio Blanco

By Octavio Blanco

Consumers have a fast-growing privacy threat to worry about. Known as cell-phone account fraud, it’s when crooks open up a phony cell-phone account in your name and use it to access your bank account, sign up for credit cards, or sell the phone number for other criminals to use.

While still little-known among consumers, cell-phone account fraud can have a devastating impact on your finances—and your reputation.

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