Food writer Jack Monroe loses at least £5,000 in SIM-swap fraud

Her accounts were drained in spite of using 2FA, showing that SIM swaps can still circumvent what’s a good security tool. Continue reading Food writer Jack Monroe loses at least £5,000 in SIM-swap fraud

20 month prison sentence for British hacker who made fortune helping SIM-swap fraudsters

A teenage British hacker, who previously played a role in the infamous TalkTalk data breach, has been sentenced to 20 months in prison after pleading guilty to selling hacking services and stolen personal data for cryptocurrency.
Read more in my articl… Continue reading 20 month prison sentence for British hacker who made fortune helping SIM-swap fraudsters

Smashing Security #128: Shackled ankles, photo scrapes, and SIM card swaps

A bad software update causes big headaches for Dutch police, but brings temporary freedom to criminals. SIM swaps are in the news again as fraudsters steal millions. And does your cloud photo storage service have a dirty little secret?
All this and muc… Continue reading Smashing Security #128: Shackled ankles, photo scrapes, and SIM card swaps

U.S. Charges 9 ‘SIM Swapping’ Attackers For Stealing $2.5 Million

The U.S. Department of Justice today announced charges against nine individuals, 6 of which are members of a hacking group called “The Community” and other 3 are former employees of mobile phone providers who allegedly helped them steal roughly $2.5 mi… Continue reading U.S. Charges 9 ‘SIM Swapping’ Attackers For Stealing $2.5 Million

Why Phone Numbers Stink As Identity Proof

Phone numbers stink for security and authentication. They stink because most of us have so much invested in these digits that they’ve become de facto identities. At the same time, when you lose control over a phone number — maybe it’s hijacked by fraudsters, you got separated or divorced, or you were way late on your phone bill payments — whoever inherits that number can then be you in a lot of places online. Continue reading Why Phone Numbers Stink As Identity Proof

“Stole $24 Million But Still Can’t Keep a Friend”

Unsettling new claims have emerged about Nicholas Truglia, a 21-year-old Manhattan resident accused of hijacking cell phone accounts to steal tens of millions of dollars in cryptocurrencies from victims. The lurid details, made public in a civil lawsuit filed this week by one of his alleged victims, paints a chilling picture of a man addicted to thievery and all its trappings. The documents suggest that Truglia stole from his father and even a dead man — all the while lamenting that his fabulous new wealth brought him nothing but misery. Continue reading “Stole $24 Million But Still Can’t Keep a Friend”