SIM Swap Scam Leads to $125,000 Theft
The Perfect Scam
AARP
4.5 • 1.1K Ratings
🗓️ 6 March 2026
⏱️ 43 minutes
🧾️ Download transcript
Summary
Patricia is enjoying a quiet night babysitting when she discovers that her phone has no service. When she switches to Wi-Fi, a sudden barrage of notifications shows that someone is moving money out of her accounts. This sets Patricia off on a race against time to save her assets from criminals who are even cashing out her stocks. Bob talks with Rachel Tobac, CEO of SocialProof Security, about practical steps we can all take to protect ourselves from SIM swapping scams.
Transcript
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| 0:00.0 | This week on The Perfect Scam. |
| 0:04.0 | So the police is like, man, your phone is in your hands. |
| 0:08.0 | I said, officer, they stole my phone number, not my device. |
| 0:13.0 | That's when his jaw dropped. He's like, what you mean? |
| 0:17.0 | Welcome back to the Perfect Scam. I'm your host, Bob Sullivan. Like it or not, for most of us, |
| 0:28.1 | our cell phones are the key to our digital lives right now. We need them to log into our bank |
| 0:33.3 | accounts. We need them for directions. Heck, we even need them just to buy things sometimes. |
| 0:38.3 | We really depend on these little things. Remember how terrible it felt the last time you thought |
| 0:43.7 | you lost your phone, even for just a moment? That's why I think this episode is so important. |
| 0:49.4 | Criminals can steal your phone, we all know that. But did you know, criminals can steal your phone number, |
| 0:55.5 | even if you have your phone in your hands? And that, well, that can be the same thing as stealing |
| 1:01.2 | your whole financial life. We'll explain how today, and with some help, we'll explain what you |
| 1:06.9 | can do to protect yourself. But I'll say it again now because it's so, so important. |
| 1:12.6 | Add to the list of all the other emergency plans in your life, like what to do if there's a |
| 1:17.1 | fire or an accident. |
| 1:18.6 | You should have a plan for what to do if you suddenly don't have access to your mobile |
| 1:22.9 | phone for any reason. |
| 1:25.2 | Now, we want you to meet a woman who did in fact have her phone number stolen, |
| 1:29.4 | had her whole digital life stolen, and there were real life consequences. |
| 1:35.4 | Okay, my name is Patricia Escriva, and I am in Coconut Creek, which is in Brower County. |
| 1:42.9 | And what's the nearest big city to you? |
| 1:46.0 | Fort Lauderdale and Volga, between both. |
... |
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