Collaborate Disseminate
What a nightmare: your phone goes dead, and you can’t log into your bank account because it’s controlled by a hacker who’s draining you dry. Continue reading Europol busts up two SIM-swapping hacking rings
Europol, along with the Spanish and the Romanian national police, has arrested 26 individuals in connection with the theft of over €3.5 million ($3.9 million) by hijacking people’s phone numbers via SIM swapping attacks.
The law enforcement agencies a… Continue reading Europol Arrests 26 SIM Swapping Fraudsters For Stealing Over $3 Million
By Deeba Ahmed
SIM Swapping (SIM hijacking or SIM hacking) is rapidly becoming the biggest threat to mobile service providers and mobile users alike.
This is a post from HackRead.com Read the original post: Europol nabs SIM hacking network from across … Continue reading Europol nabs SIM hacking network from across Europe
Police in Europe have arrested 26 people in an effort against two gangs of scammers who would take over victims’ phones, then steal financial and personal data from the devices. Law enforcement in Spain and Romania, in coordination with Europol, arrested 12 and 14 people, respectively, in actions against two distinct groups of SIM swappers, Europol announced Friday. SIM swapping occurs when thieves convince phone companies to give them access to an individual’s phone number, often by impersonating the victim during a call with a customer service representative. This grants attackers access to incoming phone calls, text messages and credentials like one-time codes that various sites send via text as part of the two-factor authentication process. The group in Spain stole more than €3 million ($3.34 million) in a series 100 attacks, Europol said. In each instance, the group walked off with between €6,000 ($6,700) and €137,000 ($153,000) from hacked bank […]
The post European police nab 26 suspects in SIM swapping dragnet appeared first on CyberScoop.
Continue reading European police nab 26 suspects in SIM swapping dragnet
Can AT&T be held liable for identity theft resulting from SIM swapping? In June 2017, Michael Terpin, a prominent cryptocurrency trader from Puerto Rico, turned on his cell phone and found it didn’t work. Apparently, hackers had gone to various AT… Continue reading SIM Swap Crypto Lawsuit Goes Forward in Los Angeles
Samy Bensaci, an 18-year-old living in Montreal, Canada, has been charged in connection with the theft of over $50 million worth of cryptocurrency in a SIM-swapping scam. A SIM swap attack (also sometimes called a Port Out scam) is one where fraudsters… Continue reading Teenager charged over $50 million SIM-swap cryptocurrency theft
Most wireless carriers in the United States are vulnerable to SIM swapping attacks and lack proper procedures to fend off hackers and other bad actors, Princeton researchers have found. SIM swapping became a popular attack method during the Bitcoin boo… Continue reading Five Major US Wireless Carriers Are Vulnerable to SIM Swapping
U.S. members of Congress have called on the Federal Communications Commission (FCC) to crack down on SIM swapping, a type of fraud blamed for more than $70 million in nationwide losses annually. The letter sent to the FCC advocates for consum… Continue reading U.S. Lawmakers Call on FCC to Step Up Fight on SIM Swapping
Crooks have stolen tens of millions of dollars and other valuable commodities from thousands of consumers via “SIM swapping,” a particularly invasive form of fraud that involves tricking a target’s mobile carrier into transferring someone’s wireless service to a device they control. But the U.S. Federal Communications Commission (FCC), the entity responsible for overseeing wireless industry practices, has so far remained largely silent on the matter. Now, a cadre of Senate lawmakers is demanding to know what, if anything, the agency might be doing to track and combat SIM swapping. Continue reading Senators Prod FCC to Act on SIM Swapping
Prosecutors allege that Meiggs and Harrington took over their targets’ mobile phone and email accounts via SIM-swapping. Continue reading Two men busted for hijacking victims’ phones and email accounts