Most businesses worry about SIM fraud, don’t think SIM binding will stop it: Survey

Nearly nine in 10 small businesses are worried about fraud linked to SIM cards, but most of them do not believe that tying messaging apps to SIM cards will make platforms safer, according to a survey of over 350 small firms by tech policy think tank Esya Centre.

The survey covered 353 businesses across 17 cities, most of them small firms. About 87.2% said they were concerned about SIM-related fraud, while 81% said SIM binding did not offer security benefits.