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flag Ontario residents lose thousands in SIM-swap scams after sharing one-time passcodes.

flag A surge in SIM-swap scams across Ontario has led to victims losing tens of thousands of dollars after sharing one-time passcodes. flag Fraudsters impersonate trusted organizations to trick people into revealing security codes sent via text, which are then used to hijack phone numbers and gain access to banking and email accounts. flag Once the code is shared, attackers transfer the victim’s number to a device they control, locking the victim out. flag One case involved a Peterborough resident losing $55,000. flag Experts say criminals use personal data from past breaches to impersonate victims. flag Red flags include sudden loss of phone service or unexpected login alerts. flag Authorities urge people to never share codes and to contact their provider and bank immediately if they suspect a SIM swap.

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