Cryptocurrency is more mainstream than ever, and that's a bad thing for tax filings. Earnings through crypto are taxed differently than income.
Mysuru: Prompt reporting of cyber frauds has helped three victims get back their lost money. When fraudsters withdraw RS 44,000 from credit card of Rajinikanth from Choranahalli on the pretext of updating the KYC form online, little did he realise that he was being duped, and unsuspectingly shared the one-time password to the caller. “However, he didn’t waste time in reporting the fraud and it has helped to get his money back. City police have played an excellent role in recovering the money from the fraudster based in Mumbai", the cops stated on Friday.
The crypto market is beginning to come around, creating opportunities for risk-averse traders to long ETH using the Long Condor options strategy.
According to the Treasury Department, the growing use of art as an investment or financial asset may render high-value art exchanges vulnerable to money laundering.
One year after the Federal Government imposed the National Identification Number and Subscribers Identification Module card (NIN-SIM) verification and linkage exercise on Nigerians, with the hope of curbing rising insecurity in the country, nothing concrete has so far been achieved in stemming the tide of attacks. Noble as the exercise appeared at the outset, especially driven by the need to have a robust national database in the country, the snag however, is that over 415 days after the policy came to being on December 16, 2020, the security situation in the country has not fared better.
The UK’s new strategy is a positive step forward for UK cyber resilience and sets out how offensive and defensive cyber capabilities will be expanded
Bhubaneswar: The mastermind of the cyber fraud gang which was busted recently in the city has been identified. The mastermind of this gang is from Jharkhand and the Crime Branch which is investigating this case, will take action against him very soon, Crime ADG Sanjeeb Panda said. Speaking to mediapersons on Friday, Panda said, the members of this gang used to send messages to unsuspecting victims and demand for their KYC and bank account details. “People need to realise not to entertain or solicit such request,” he said.
The pandemic has forced us to adapt the way we school our kids. Over the last two years, we've seen a lot more online education. Our kids are regularly using internet connected devices-often unsupervised-to connect to their classes and teachers. Parents and families must also adapt to this new reality and think carefully about their family's online security. Schools and teachers must think about the safety of their students and the resilience of their IT networks.
In order to replace the stolen capital, Jump Crypto deposited 120,000 Ether tokens into Wormhole accounts.
Cryptocurrency will never be a legal tender, Finance Secretary T V Somanathan said on Thursday clearing the air on the legality of private digital currencies in the market.
An advanced persistent threat group with links to Iran has updated its malware toolset to include a novel PowerShell-based implant called PowerLess Backdoor, according to new research published by Cybereason.
The Federal Bureau of Investigation (FBI) warned today that threat actors could potentially target the February 2022 Beijing Winter Olympics and March 2022 Paralympics. However, evidence of such attacks being planned is yet to be uncovered.
In a major breakthrough, police arrested three members of an inter-state cyber fraud gang and recovered multiple SIM cards, illegally occupied Aadhar cards and over Rs 24,000 cash from their possession in Prayagraj's cantonment area on Saturday.
Kiranjeet Kaur Dhillon, the wife of a retired Colonel in the Indian Army, said a man called her up, introducing himself as an employee of a telecom company on Friday. The cheater allegedly told the 60-year-old that her SIM card was going to expire in two hours if she did not update her KYC. The accused allegedly sent her two links of “quicksupport” and “teamviewer” applications on her mobile and told her to download them. As she followed the instructions, the accused first conducted two transactions of Rs 10 each and then withdrew Rs 10 lakh in several transactions from her bank account. Police registered a case.
The Prakasam district police on Saturday arrested a 36-year-old cyber fraudster who allegedly cheated a girl of ₹17.49 lakh after getting acquainted with her through a matrimonial website. Superintendent of Police Malika Garg said the accused, Bala Vamsi Krishna from Kakinada, had reportedly introduced himself to a 25-year-old girl and her family members at Maddipadu in Prakasam district that he was a software engineer with a New York-based company and presently working from home following COVID curbs after his transfer to Hyderabad.
Surat: A 18 year old youth was arrested for selling pre-activated sim cards in Pandesara area of Surat on friday. The special operations group of police acted on a tip-off and arrested Vishal Sharma, a native Uttar Pradesh and resident of Lakshminagar in Pandesara and seized 11-preactivated sim cards from him.
The police have denied the existence of a fraud known as ‘Sim Swap’ in the country. Bukit Aman Commercial Crime Investigation Department director Datuk Mohd Kamarudin Md Din (pix) said the viral message regarding the existence of the new modus operandi had been identified on WhatsApp and Facebook. According to him, the message is false, and so far, no police report has been lodged with regard to the scam. “Based on the (viral) message, the victim will receive a call and be asked to press the (number), ‘one’ button on the keypad before the phone is hacked and taken over by criminals to transfer all the victim’s money to another account.
Gurugram: Crooks defrauded a city businessman to the tune of Rs 1.3 lakh under the pretext of giving him a VIP SIM card. A police complaint in this regard has been lodged by victim Sunil Shah, who owns Surabhi Glass Private Ltd. On January 8, Shah received a call from a person who claimed to be a representative of telecom firm Airtel. The caller offered to give a VIP mobile number to the businessman. Following a discussion, the businessman got ready to accept the offer. Thereafter, the businessman received an invoice of Rs 65,554 along with the details of a bank account. Subsequently, he sent the money to the given bank account, according to a report by The Times of India.
The notorious Lazarus Group actor has been observed mounting a new campaign that makes use of the Windows Update service to execute its malicious payload, expanding the arsenal of living-off-the-land (LotL) techniques leveraged by the APT group to further its objectives.
A British hacker accused of being involved in a £35million cryptocurrency heist will not be extradited to the US because of his Asperger's and mental health, a judge ruled today. Corey De Rose is wanted in the US for allegedly using a technique called 'Sim Swapping' or 'Sim Hijacking' when he was a teenager to steal the identities and cryptocurrency wallets of American citizens.
Integral Ad Science (Nasdaq: IAS), a global leader in digital media quality, today released its 2022 Industry Pulse Report – India Edition. Surveying digital media experts across India, IAS found that improving mobile experiences, measuring quality for social media campaigns, and the emergence of digital video and audio are top considerations in the year ahead.
India all-rounder Krunal Pandya became a victim of cybercrime after someone hacked into his Twitter account, demanding Bitcoins from the followers on Thursday.
TAMPA, Fla. — Tampa resident David Bryant knew something was wrong last October when he found Coinbase notifications deleted from his account and his login no longer worked. Then, when he tried to call his crypto account holder, he discovered his cell was unable to make or receive calls. It turned out, this was not a confluence of coincidences. Bryant was the victim of a crime. Thieves stole David’s email and his phone number in order to intercept his two-factor identification code. Once they had access to his Coinbase account, they emptied it out.
Microsoft has disclosed details of a large-scale, multi-phase phishing campaign that uses stolen credentials to register devices on a victim's network to further propagate spam emails and widen the infection pool.
The trade-off between using a free service and giving up our personal data becomes much less palatable when we think about the wider ramifications of the collection and use of our personal data
There are countless ways for scammers to get a hold of your information – and just when you think you know everything, they come up with new ways to attack you. There are already many ways for scammers to target you that you probably already know about, like how hackers and scammers can use malicious software to get your computer or how easily people can start phishing for information online. But there are other methods that aren’t as popular. A great example is something called SIM swapping.
BUFFALO, N.Y. – U.S. Attorney Trini E. Ross announced today that Corrine Little, 38, of Webster, NY, was arrested and charged by criminal complaint with unauthorized access of a protected computer. The charge carries a maximum penalty of five years in prison.
Tampa resident David Bryant knew something was wrong last October when he found Coinbase notifications deleted from his account and his login no longer worked. Then, when he tried to call his crypto account holder, he discovered his cell was unable to make or receive calls. It turned out, this was not a confluence of coincidences. Bryant was the victim of a crime.
A series of frauds that cost OCBC Bank users in Singapore at least US$6.33 million shines a light on how phishing scams across Asia are getting ever more sophisticated The growth of digital services has been a boon for fraudsters who prey on elderly users new to the technology. Critics say banks need to be more proactive
There’s no question about it. Wordle, the simple English-language word game created by software engineer Josh Wardle, is a viral hit. If you’ve tried Wordle, there’s a good chance that, like me, you’re hooked. Since the game quietly hit the internet in October 2021, the number of people playing has grown exponentially: from some 90 players in November 2021, to 300,000 at the start of January, to more than 3 million today. As you can see in the graph below, the number of people looking up Wordle on Google has increased rapidly over the past month.
A spate of account takeover hacks has prompted the English Premier League to promise to introduce two-factor authentication (2FA) controls to its official Fantasy Premier League game (FPL) from next season. FPL has more than eight million players, who sign up with a standard email address and password, although 2FA is not offered as an option.
“‘A new device has been registered. If this was NOT done by you please visit [link] to cancel this.” On Twitter, one user named Don alerted the bank to the scam text and inquired whether it was real. NatWest replied: “Hiya Don. I can confirm that it is a scam. We would not ask you to click a link if we have advised of anything suspicious happening on your account(s) or online banking. Feel free to forward to 88355.”
Many Americans are more likely to send money to friends and family through a payment app on their smartphone than write a check these days. It’s convenient, easy to use and, for some, a contactless transaction that may reduce health and safety concerns during the COVID-19 pandemic. Yet there’s another major factor to consider: fraud.
The new threat to devices across the country, uses a type of malware named BRATA which has the ability to monitor users as they access their bank accounts so you might want to get your children off their mobile phones.
Ralitsa Miteva, manager of digital identity and mobile security at OneSpan, discusses how organisations can get ahead of the curve on mitigating mobile fraud threats
Thieves are using a relatively easy social engineering hack to steal crypto from unsuspecting investors. Here’s how to protect yourself.
Which? helps a Monzo customer secure a refund for fraudulent payments
Somebody could easily take control of your PayPal account and steal money from you if you’re not careful – here's how to stay safe from a simple but effective attack I have been fascinated with the thought of being able to break into a bank ever since my love for bank robbery films began in the 1990s, and I think I may have finally uncovered a way to do it – well, sort of. The security of typical banking apps impresses me immensely, and with my security hat on I have not yet thought of a way to bypass the usually robust in-built measures designed to protect the money of banks’ customers, which is entirely the way it should be. However, if banks are so secure, I wondered if there may be a way of attacking one of the most popular third parties that often already have complete access to people’s funds – PayPal.
Many of the affected accounts noticed the fraudulent videos and removed them from their channels within minutes of them being posted.
A Baguiati resident in northeast Kolkata has been arrested for allegedly duping a woman who had put up her smart watch for sale on an e-commerce website. An officer of Bidhannagar commissionerate said Gautam Sahni had got in touch with the woman, from Rajarhat, and told her that he was interested in buying her iWatch. “The two agreed on Rs 23,000 as the price and Sahni then met the woman.”
A Canberra woman soon realised something was very wrong after receiving two text messages on her phone – from her own number.
The Enforcement Directorate (ED) has arrested a Kerala-based businessman with alleged Chinese links in a money laundering case of Rs 84 crore through 'fraud' mobile applications, officials said. On Thursday, Anas Ahmed was arrested under the Prevention of Money laundering Act (PMLA) for allegedly committing a crime through fraud mobile applications.
Crypto.com shared new details about a recent hack on its platform last weekend in a statement on its website today, saying 483 of its users were affected and that unauthorized withdrawals of over $15 million worth of ETH, $19 million worth of BTC and $66,200 in “other currencies” occurred. The total losses, worth over $34 million at current cryptocurrency values, are even higher than what analysts had predicted before Crypto.com released its statement.
Research shows people in the UK are falling for crypto ad scams. In response, the government announced a crackdown to put an end to misleading ads
A woman is facing theft and fraud charges following an investigation into “financial irregularities” at a Regina's Mobile Crisis Services. The Regina Police Service (RPS) said an investigation began in July of 2021, when it was contacted by the organization. During a transition to a new financial management system in March 2021 and an accompanying audit, a pattern of financial irregularities emerged, police said.
ecurity researchers have found a method to collect vast amounts of stolen user credentials by executing searches on VirusTotal, the online service used to analyze suspicious files and URLs. With a €600 (around $679) VirusTotal license and a few tools, the SafeBreach research team collected more than a million credentials using this technique. The goal was to identify the data a criminal could gather with a license for VirusTotal, which is owned by Google and provides a free service that can be used to upload and check suspicious files and links using several antivirus engines.
A former hotel manger pleaded guilty Wednesday to committing fraud at one establishment and then pulling off a similar scheme at a second location after his first employer fired him. Brandon Thomas Canady, 31, of Mobile, worked as a front office and assistant general manager at a pair of hotels in the Port City in 2020 and 2021. According to the defendant’s written plea agreement, he used his access to computer systems at the Hilton Garden Inn downtown to create and use house accounts, bill an unsuspecting guest and then refund the same accounts to debit cards associated with his account.
Regina police say they have charged a 61-year-old woman who was once employed by Regina’s Mobile Crisis Services with theft and fraud. The investigation, which was headed by the police’s financial crime unit, began in July 2021 after the non-profit, community-based organization had undergone changes in accounting and switched to a new financial management system back in March 2021.
A crook posing as a cellphone company executive duped a woman from Wakad of Rs1.49 lakh on the pretext of updating her SIM card. The suspect told her to download a remote access app on her smartphone and gained access to her gadget. He then siphoned off the amount from her bank account. The woman on Saturday registered a case against the man with the Wakad police.
As we head into 2022, organizations must enhance their digital fraud & authentication strategy, especially around the use of OTP (one-time passcodes). Historically, OTP has been an effective tool to authenticate users based on “something you have” within an MFA (multi-factor authentication) strategy, which also includes “something you know” and “something you are”. However, fraudsters are continuing to become more sophisticated and clever in defeating these controls, including compromising victim credentials (something you know), hijacking OTP’s (something you have), and biometric replay attacks (something you are).
Decentralized international hacktivist group Anonymous has hacked into a Chinese government website to upload the words "Taiwan Numbah Wan" and Taiwan's national flag and emblem, among other signs of defiance against the Chinese Communist Party (CPP) while also calling for a peaceful resolution to the crisis in Ukraine.
But WhatsApp scams are on the rise, and what's more, it's becoming increasingly challenging to keep your messages private from prying eyes. This is only getting worse as fraudsters resort to a new SIM swapping scam, which is where they steal people's phone number and identities and then go on to rip off their friends and family.
IM swap fraud occurs when fraudsters obtain a new SIM card from a person's mobile service provider using the person's registered phone number. They can get One Time Passwords (OTPs) and other alerts required to conduct financial transactions through the person's bank account with the help of this new SIM. Explaining the modus operandi, a senior CCB official said, using phishing e-mails impersonating banks, the fraudster obtains victim's bank account information and registered mobile number. Then, posing as the victim with fake ID proof, he or she goes to the mobile operator's outlet to have the original SIM blocked.
Cyberattacks have existed since the dawn of the modern-day internet, when hackers unleashed viruses and worms as pranks or experiments. While cyberattacks have become more sophisticated and nefarious over the years, the COVID-19 pandemic ushered in a new era of cybercrime, as adoption of digital technology accelerated, workplaces went remote and costly cyberattacks surged.
A new online scam has appeared where hackers are targeting smartphones users and asking them to download some apps. India is not new to online scams, in fact, every other day a new scam comes to light. And in most cases, authorities take immediate action to shut it down. However, hackers keep coming with new ways to trick people and either steal money from their bank accounts, or steal their personal information for identity theft. It is very important to stay ahead of these hackers by knowing their latest shocking modus operandi, which involves downloading of remote access apps.
A victim said that after she keyed in her username, password and other relevant details, and checked into her account, she received a notification stating that her transfer limit had been increased to $100,000. When she noticed that, she immediately called OCBC as she had not approved this. However, “OCBC's hotline is not equipped to immediately handle scams which are in progress”.
Ukraine's cyber police said on Monday that last week's hacking of government systems appeared to have destroyed "external information resources", suggesting the attack went beyond temporarily defacing government websites. A cyber attack hit on Thursday and Friday warning Ukrainians to "be afraid and expect the worst" at a time when the country was bracing itself for a possible new military offensive from neighbouring Russia.
American nonprofit Goodwill has suffered a data breach that is affecting the users of its ShopGoodwill.com e-commerce auction platform. Reports say the company’s platform has had an exploitable vulnerability which malicious actors abused to make away with the full names, email addresses, phone numbers, and mailing addresses of its users. It's not known exactly how many customers were affected by the breach, but GoodWill says it has patched up the vulnerability.
KUALA LUMPUR, Jan 15 — The police have denied the existence of a fraud known as ‘Sim Swap’ in the country. “Based on the (viral) message, the victim will receive a call and be asked to press the (number) ‘one’ button on the keypad before the phone is hacked and taken over by criminals to transfer all the victim’s money to another account. Bukit Aman Commercial Crime Investigation Department director Datuk Mohd Kamarudin Md Din said the viral message regarding the existence of the new modus operandi had been identified on WhatsApp and Facebook.
This message has gone viral on social media and WhatsApp, warning about a new high tech fraud called SIM Swap Fraud that can empty bank accounts without warning. The message includes a link to a Straits Times report about a young couple who lost $120,000 in a fake text message scam targeting OCBC Bank customers.
Last year 2021 was one of the worst in terms of online scams and frauds. Cyber fraudsters opted for new methods to con iPhone and Android phone users and thereby steal their money. From sending SMS, malware, phishing, email to QR codes, every trick was tried to steal data and money. We have even seen SMS being sent to people regarding fake delivery service especially during the festive season sales period.. Many of these messages are highly sophisticated, with links leading to fake websites that appear to be totally realistic. Unfortunately, the trend is rising and people's personal data and financial information is at risk. Cybercriminals have acquired knowledge and the wherewithal with which to hoodwink even the best protected devices- they have learnt to trick people alongside honing their ability to hack into phones and other gadgets. This is quite an explosive combination.
Ten people, comprising nine men and a woman, were arrested during an anti-scam operation on Sunday (Jan 16) for their suspected involvement in fraudulently registering prepaid SIM cards. In a statement, the police said their nine-hour operation involved officers from the Commercial Affairs Department and targeted 17 mobile phone shops in Orchard, Geylang, Serangoon, Pasir Ris, Jurong West, Yishun, Woodlands, Boon Lay, Desker Road, Syed Alwi Road and Rochor Canal Road.
Six scam victims said the fact that the fake message appeared in the SMS thread used by OCBC was why they mistakenly thought that the link in the message was credible At least 469 bank customers were affected by the phishing scam, totalling around S$8.5 million in losses
Everyone with a WhatsApp account has been issued an urgent privacy warning. 2 billion people in the world currently have WhatsApp downloaded onto their phones, and each and every one of them is at risk. People have been falling victim to a new sim-swapping scam, which sees scammers clone a phone number by assigning it to a new SIM card.
Man gets more than 5 years in prison for fraud, identity theft involving stolen mail
These days sim-swap in Rwanda has become a lengthy process that requires the subscriber to appear in person at a telecom service centre. Agents have been stripped of this service. Sim-swap, a modern form of fraud, has resulted in several subscribers losing money. The Sim-swap scam is not only a concern to Rwanda, but other countries across the East African region, continent and globe.
yber security experts are warning consumers to be vigilant among a dramatic rise in Sim-swap fraud. Sim-swapping involves thieves cloning a mobile phone number and assigning it to a new Sim card, through which they can access online bank accounts, messages and calls.
SIM swaps and porting fraud are on the rise, so, to counter this trend, Telstra is teaming up with Australian banks to try and block this precursor to identity theft and serious financial crime. In an announcement made on Thursday, Telstra said it has started working with organisations, such as those in the banking industry, to make it harder for criminals to steal your identity and your money. Telstra will introduce its fraud detecting tech at the SIM swapping or porting stage, before any action is undertaken.
The group wants the directive for mobile network customers to re-register their SIM cards withdrawn immediately. According to the group, “there is no law in Ghana that requires Ghanaian mobile network subscribers to ‘re-register’ their SIM cards. Any attempt to impose this on subscribers or block their lines would amount to an infringement on their property rights.”
IM swaps and porting fraud are on the rise and, if left unchecked, can lead to identity theft and serious financial crime.
The chief minister's flying squad busted a gang that allegedly supplied activated SIM card to foreigners without documents. One member of the gang was arrested from Sector 51 on Tuesday, when he was waiting for a customers outside a prominent private hospital. Two other accused are on the run, according to the police.
As you attempt to strike it rich in the digital gold rush, make sure you know how to recognize various schemes that want to part you from your crypto.
The OCPD presiding over Kasarani police division in Nairobi County is counting losses after falling victim to a Simcard con game. The senior cop lost Ksh600,000 to a well-organised syndicate that is suspected to be working with staff from local banks and telcos.
A Nairobi court on Monday detained a suspect accused of defrauding Kasarani OCPD Peter Mwanzo of Sh600,000 in a Sim-swap scam. The court granted the prosecution’s request to detain the suspect named Gideon Mark for eight more days to allow police to complete investigations.
NEW YORK (AFP) - A mystery that has shaken the literary world for years - the theft of hundreds of unpublished manuscripts from distinguished authors - may finally be about to be solved. In New York last week, the Federal Bureau of Investigation (FBI) arrested Filippo Bernardini, a 29-year-old Italian employee of major publisher Simon & Schuster.
A youngster, who rang up a number he found on browsing for a bank’s customer care in the Internet lost ₹70,000, but timely intervention by the Ernakulam rural cyber police led to his money being recovered. The youngster from Kizhakkambalam is an account holder with a prominent bank. He browsed for the bank’s customer care centre in the bank to complain about a failed transaction. However, the number thrown up by the Internet was allegedly being run by some scamsters who feigned as bank authorities.
The federal agency of Pakistan started a criminal investigation after receiving numerous complaints against an ongoing scam that involved misleading investors into sending funds from Binance wallets to unknown third-party wallets.
It took a man and his wife five years to save about $120,000, but in just 30 minutes, scammers using a fake text message stole the money they had kept in their OCBC Bank joint savings account.
Ahmedabad, January 8: In a case of Cyber Crime, a businessma .. Read more at: https://www.latestly.com/india/news/online-fraud-in-gujarat-businessman-loses-rs-46-lakh-after-receiving-missed-call-on-his-phone-3235491.html
“We informed a very small number of customers that the SIM card assigned to a mobile number on their account may have been illegally reassigned or limited account information was viewed,” a T-Mobile spokesperson told BleepingComputer last week in response to questions about a new T-Mobile data breach.
A Chicago-based fertility center has reported that a hacking incident detected in February 2021 has affected the protected health information of nearly 80,000 individuals. The breach is among the latest security incidents involving fertility healthcare providers and the compromise of their patients' sensitive data.
With mobile-device use firmly ingrained in consumer behavior, it’s little wonder that fraudsters are following these consumers. That’s very apparent in the latest LexisNexis Risk Solutions report, which found 98% of financial-services firms it surveyed reported that fraud targeting mobile has increased.
The Securities and Exchange Commission (SEC) is cracking down anew on entities offering virtual coins or NFTs without the necessary license or authority from the agency. In a recent advisory, the SEC said play-to-earn platform Outrace has been soliciting investments without the necessary license.
A new report from Connecticut’s Public Utilities Regulatory Authority found that phishing attacks pose “a significant risk” to the state’s utilities.
A businessman from Ahmedabad got a missed call and his SIM cards were de-activated, after going to the bank, it was found that Rs 46 lakhs had been stolen.
Thugs seem to have found a new way to cheat online. A gang of digital thugs recently took all information about a bank account by making a missed call on the mobile of a youth, resident of Satellite Extension of Ahmedabad, and a chemical businessman. After the missed call, Rs 46.38 lakh was withdrawn from his bank account. This victim, Rakesh Shah, has lodged a complaint with the Cyber Crime Police Station. Shah was at home when he got a missed call on his mobile number from an unknown number. After that the tower and SIM of his mobile became unreachable and then turned inactive.
A 54-year-old man from Satellite filed a complaint with the Cybercrime that Phishers deactivated 2 of his sim cards and obtained new sim cards of his name to withdraw Rs 46lack from his bank account Rakish Shah businessman from Satellite said in his FIR that he received a call from an unknown number 4:16 on December 22 around 15 minutes later his sim card is already deactivated.
MAJOR telecommunication players, lawmakers, and regulators should institute measures to stem the rising tide of fraudulent credit card transactions due to the SIM card swap.
The metaverse was one of the subjects of 2021, especially after the name change from Facebook , the company, to Meta, showing how much it sees this technology as something profitable and important for the future.
The Credit Card Association of the Philippines (CCAP) is calling for tighter regulations to address the increase in fraudulent transactions due to SIM card swaps.
Four men, part of a multistate gang, were sent to judicial custody by a city court on Monday for swindling Rs 24 lakh from an eye hospital in Chennai using SIM swap technique. The gang, operating from towns along Bangladesh border, was arrested and brought to the city by the Cyber Crime Wing of the Central Crime Branch (CCB).
Global telecom giant T-Mobile has confirmed that “a small number” of customers have fallen victim to a SIM swapping attack, which allows hackers to hijack a target's phone by tricking the carrier into reassigning the number to a SIM card controlled by the attacker. The Verge reports that the exposed customer data includes billing account names, account numbers, and plan details. This attack follows an August incident in which the private data of nearly 50 million T-Mobile customers were exposed.
The police from Tamil Nadu’s Central Crime Branch (CCB) uncovered a massive SIM-swap fraud network operational across multiple states.
Mobile carrier T-Mobile fell victim to another data breach, this time linked to a SIM swapping attack that it says affected "a very small number" of its 105 million customers. Details about the breach remain scarce, but T-Mobile says it has enacted proper incident response protocols to limit the number of people affected.
With so much of banking activities now done on computers and smartphones, it is important that those services are secure. Advancement in technology has led to increase in online scams. Banks in Qatar have been reminding its customers to be vigilant of fraudulent messages and not to share sensitive security information on their social media platforms.
T- Mobile is still suffering from data breaches, although its latest headache may be more reflective of the phone business at large. The carrier has confirmed to Bleeping Computer that a recent data breach stemmed from SIM swapping attacks. Intruders compromised a "very small number" of customers by reassigning SIM cards or viewing "limited" account info, T-Mobile said.
Mobile carrier T-Mobile fell victim to another data breach, this time linked to a SIM swapping attack that it says affected "a very small number" of its 105 million customers. Details about the breach remain scarce, but T-Mobile says it has enacted proper incident response protocols to limit the number of people affected.
It’s Deja Vu for some T-Mobile customers. In August, hackers exposed 50 million customers' data. Now there is another issue. The bad guys finding a way to swap your SIM cards.
As we head into a new year, you may be thinking about resolutions. A lot of people use the new year as a time to start saving money. As you set your savings goals for 2022, our Investigates team has warnings about the most common ways people lost big in 2021.
OCBC Bank warned yesterday that there has been a sharp rise in the number of phishing scams via SMS messages that appear to be sent by the bank, with 26 customers losing a total of $140,000 to these scams in 10 days, from Dec 8 to 17.
His hard-earned lifesavings, around $35,000, would also soon vanish, siphoned off by a hacker to a cryptocurrency exchange and then converted into untraceable Bitcoin. The Sydney nurse didn't know it but while he'd been busy working a morning shift at Westmead Hospital, in Sydney's west, helping sick patients, he'd become the victim of a devastating sim swap, also known as simjacking or a sim hijack.
A 24-year-old New York man who bragged about helping to steal more than $20 million worth of cryptocurrency from a technology executive has pleaded guilty to conspiracy to commit wire fraud. Nicholas Truglia was part of a group alleged to have stolen more than $100 million from cryptocurrency investors using fraudulent “SIM swaps,” scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identities.
In an internal notice sent to its stores, as reported by the T-Mo Report, T-Mobile informs its employees of a new, more secure method of authorizing SIM changes. The customer will now be required to provide SMS verification when requesting SIM changes, such as transferring a number to a new SIM. The alternative is the change to be verified by two employees using their credentials.
Recently, former cricketer Vinod Kabmli lost ₹1.14 lakh to a digital payments fraud. The conman, posing as a private bank executive, coaxed Kambli into downloading third-party app AnyDesk that would enable him to update know-your-customer (KYC) on his card. The app gave the fraudsters remote access to the cricketer’s mobile phone, following which they stole sensitive information related to his bank account and OTP to commit the fraud.
Over the last 18 months, since the COVID-19 pandemic started, consumers have increasingly used online and mobile channels to access banking products and services. One of the consequences of the intensive adoption of these channels has been a rise in attack levels and online fraud like phishing, social engineering, banking trojans, mobile-based identity theft attacks, and cross-channel attacks. The sophisticated nature of modern threats and fraud requires innovative solutions coming from fraud prevention specialists. Today we will be speaking with ThreatMarks’ new CEO - Daniel Rawlings to learn more about what these threats are and how to fight them while boosting security. We will be discussing what are some key fraud and compliance challenges plaguing the financial services businesses and share valuable advice on how to secure financial institutions’ mobile and online channels.
T-Mobile is doing its part to give extra protection to its customers. This is also their way of putting an end to unauthorized SIM swaps. Earlier today, The T-Mo Report shared an internal notice that was sent out to T-Mobile store representatives. The document reveals that SIM card changes will now require either SMS verification from the customer or the credentials of two employees.
The victim in question, Dan Tiberi, received an unpleasant shock at the start of the holiday season. He found himself thousands of dollars out of pocket following a SIM-swap attack that saw his Coinbase credentials compromised and his mobile operator changed.
While CoinMarketCap has informed its users that the “issue” has been fixed, it has not revealed if its servers detected any kind of a breach attempt.
A lawmaker took a jab at cryptocurrency, but his joke led to the birth of yet another meme coin known as Mongoose Coin. While its market capitalization is already rising along with the number of people currently holding it, investors should (as always) remain cautious. Cryptocurrency has gotten more ubiquitous over the years as spending them is becoming even more convenient than ever.
By now, many people are splurging on some amazing holiday sales when they are out shopping at their favorite malls, or taking advantage of Christmas mega-sale discounts on various e-commerce platforms. Shopping presents for your loved ones or even gift rewards for yourself is honestly a must, and you should take your time to really enjoy it. This holiday season, however, is also the time for online scammers to prey on innocent shoppers out of their money.
Turns out, a hacker somehow got enough of his personal information to convince T-Mobile to switch his number to another phone. It’s called a sim swap, and it’s a way for bad guys to get even more information, like the security passcodes used to log in to accounts online. They hacked into Tiberi’s account with the cryptocurrency exchange Coinbase, where they stole more than $7,300 worth of a cryptocurrency called Ethereum. Coinbase acknowledged in emails to Tiberi that an “attacker” is responsible, but nonetheless he can’t get his money back. “Once a transaction has started, they can’t stop it, and they are able to collect funds for that transaction that was completed by the hacker. To me that’s absolutely ridiculous,” Tiberi said.
SIM swapping attacks have been reported in the media since 2017. Such attacks usually target banking transactions but not only. These attacks are also perpetrated against the cryptocurrency community, social media and email accounts.
Fraud involving SIM-swap has been around for many years and is not going away. In fact, these incidents have increased 91% year-on-year when looking at digital banking fraud across all platforms. This was revealed by the latest figures from the South African Banking Risk Information Centre (SABRIC), and begs the question: Why, with all the advancements in technology, are we still dealing with this fairly unsophisticated yet rampant scourge? According to Lincoln Naicker, product owner at Entersekt, some international reports show close to 100% year-on-year growth in SIM-swap fraud, and SA is no different.
GURUGRAM: A 48-year old woman was allegedly cheated of Rs 6. .. Read more at: http://timesofindia.indiatimes.com/articleshow/88245637.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
As more bank branches have been temporarily closed due to the pandemic, more clients found ease in mobile banking, and data shows the trend will continue, per Bankrate. FIS, a bank technology supplier, issued a study in mid-May which revealed that 31 percent of banking participants plan to use more online and mobile banking in the future.
A spokesman said the suspect fraudulently purchased a mobile phone from a selling website on November 19. He then attended the seller's address and showed them a fake bank transfer which appeared to be the funds being sent to the seller's bank account. The man took the phone but the money never cleared in the seller's bank account and it became clear the suspect had given a fake name and details.
A Burlington County man stands accused of using his position as a store manager to steal Subscriber Identity Module (SIM) numbers and putting them into a phone controlled by someone who was paying him $1,000 to do so, federal authorities announced. Jonathan Katz, 40 of Marlton, is charged by complaint with one count of gaining unauthorized access to a protected computer, according to Acting U.S. Attorney Rachael A. Honig. He has been released on $100,000 unsecured bond.
“Applicants for overseas employment are reminded to avoid clicking on suspicious links, especially those coming from services and numbers which they did not sign up for,” he added. Olalia also urged the public to block these numbers and report smishing incidents to their telecommunications provider, the National Privacy Commission (NPC), and the National Telecommunications Commission (NTC). “The public is also advised to be vigilant in protecting their contact information and other sensitive personal information, such as copies of their government-issued identification cards and documents, in order to avoid receiving spam and fraudulent messages, or falling victim to unlawful activities such as identity theft and cyber extortion,” he said.
The House of Representatives has approved the measure requiring the registration of Subscriber Identity Module (SIM) cards on final reading Monday. The “SIM Card Registration Act,” which aims to help authorities track criminals using mobile phones with pre-paid and post-paid SIM cards, received 118 votes in favor, zero against and no abstentions. Read more: https://newsinfo.inquirer.net/1524494/house-oks-bill-requiring-sim-card-registration#ixzz7EO2bQXK2 Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Criminal groups have been sending threatening messages in the past couple of months to companies that manage broadband phone services all over the world, promising they'll flood the digital phone lines with traffic and take them offline unless the targets pay a ransom.
The intelligence agency’s cybercrime wing has launched its Operation Cyber Storm and arrested eight accused of illegal registration of SIM cards. The head of FIA Cyber Crime Circle Sindh, Imran Riaz said in a statement that raids were conducted in Sukkur and Ghotki. Two franchises have been sealed over illegally registering SIM cards.
Synthetic identity fraud was already a problem before the COVID-19 pandemic shifted spending and work online, but it is becoming a bigger problem now as criminals take advantage of looser rules around credit and the sheer amount of personal information exposed via data breaches.
The final member of an international hacking group known as ‘The Community’ has been sentenced for his role in a multimillion-dollar SIM-swapping campaign. Garrett Endicott, 22, of Warrensburg, Missouri, has become the sixth member of the crime syndicate to have been jailed for the campaign, which saw millions of dollars’ worth of cryptocurrency stolen from victims. Endicott, who pleaded guilty, will spend less than a year in custody for his part in the crime.
A dog that can find hidden electronic storage devices (ESD) is now working for the Tallahassee office of the Florida Department of Law Enforcement — the first such K-9 cop locally. Rocket, handled by FDLE-Tallahassee Special Agent Aida Limongi, was introduced at a media availability Wednesday.
Delhi Police has arrested four members of a gang that allegedly used to forge identity documents of people to get their Sim Card reissued.
With the huge increase in cryptocurrency adoption by non-experts in 2021, the number of scammers is also on the rise. Fraudsters have started using the SIM-swap method to gain access to users' personal information such as emails, bank accounts, and even their digital assets. According to a recent Wall Street Journal (WSJ) report, hackers are increasingly targeting small crypto investors. Cybersecurity experts say the "mom and pop" boom has enticed many hackers to exploit fraudulent SIM swapping practises.
According to the group, its teams have blocked 19,000 mobile numbers and 5,693 user access to sites connected to the scheme reportedly orchestrated by a global syndicate, and uncovered over 100 domains involved in the ongoing SMS spam scheme. “The cybercriminals have mischievously capitalized the high unemployment rate in this pandemic to make money,” PLDT and Smart Cyber Security Operations chief of Information Security Angel Redoble said in an emailed statement.
New digital identity verification systems and features bring security to eSIM onboarding, check mobile network operator records as a further source of data on a potential customer and even scan the black market and other databases to devise a risk score.
Have you recently received a text message claiming to be from a company representative or a human resource manager, offering you a part-time or work-from-home job that could help you earn tens of thousands of pesos per month? Read more: https://newsinfo.inquirer.net/1520290/cyber-criminals-run-rampant-via-sms-prey-on-filipinos-in-need-of-jobs#ixzz7DR0D7yMZ Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
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Pakistan citizen database NADRA compromised, hacked: Top security agency to Parliament panel
Smart Communications is warning its subscribers against scams that offer “high paying jobs” through text messaging and “SIM swapping.” In an advisory posted on Facebook Tuesday, Smart revealed how scammers offer jobs to its unsuspecting subscribers using the network’s Short Message Service (SMS) or text messaging. Smart said the suspicious text message will usually ask the subscriber to click a link that will be directed to a popular messaging application.
Fraud involving SIM-swap has been around for many years and is not going away. In fact, these incidents have increased 91% year-on-year when looking at digital banking fraud across all platforms. This was revealed by the latest figures from the South African Banking Risk Information Centre (SABRIC), and begs the question: why, with all the advancements in technology, are we still dealing with this fairly unsophisticated yet rampant scourge?
The burst in cryptocurrency popularity over the last couple of years has hackers licking their chops as unsuspecting investors pour money into the online currency. Many of the thefts are occurring through what is called a SIM swap attack where hackers exploit security weaknesses at mobile carriers.
The Canadian teen allegedly targeted a victim in the US. Details about the SIM swap attack were not revealed, but they often involve tricking a cellular provider into handing over access to the victim’s cell phone number. To pull this off, the attacker will first try to learn personal details about the victim’s background—such as ID numbers, address, and birthdate—and then try to impersonate them.
Police in Ontario, Canada arrested a teenager for allegedly stealing $36.5 million in cryptocurrencies through the use of a SIM-swapping scam.
Hamilton police stated in a Wednesday press release that the crypto was stolen via a sim swap attack, in which the perpetrator swapped the victim’s mobile sim card with a fake to remotely intercept his identity, passwords, accounts on crypto exchanges, and two-factor authentication (2FA) security measures. Heists of this nature are possible with the help of corrupt insiders (plugs) within a telecoms provider who help transfer the target’s phone number to a sim card owned by the hacker or through social engineering tricks.
A Hamilton youth has been charged in the theft of $46 million in cryptocurrency after investigators learned some of it was put toward buying a gaming username. Local police worked with the FBI and U.S. Secret Service to investigate millions in missing currency stolen via what's known as a SIM swap attack, said Det.-Const. Kenneth Kirkpatrick from Hamilton Police Service's cybercrimes unit.
Thieves are after something that almost everyone has in their pocket or purse: our cell phone. It’s referred to as SIM swap scam. Criminals may take your phone, personal information, and money without ever touching it, according to KPRC 2 Investigates. We’ll also go through some steps you can take to make your phone more secure.
In 2019, Twitter CEO Jack Dorsey tweeted that "nazi germany did nothing wrong." He didn't actually do that, though. According to a detailed Wired report, he was the victim of a SIM swap that involved hackers getting hold of his mobile phone account and then using it to access his other accounts, including his Twitter account. Of course, Twitter's Dorsey isn't the only victim of a SIM swapping hack attack. Indeed, there are a variety of reports of hackers using the practice to steal hundreds of millions of dollars in cryptocurrency, among other illicit activities.
NBC 5 Responds found new federal regulations could help better protect you from these kinds of schemes in the future, but for now, it’s wise to implement stronger protection yourself. To start, ask yourself: How many accounts do you have tied to your phone number for security? And if someone stole your number, could they gain access to what matters most?
British resident Joseph James O’Connor, also known by the pseudonym PlugwalkJoe, is accused of participating in a fraudulent scheme in which assets of about $ 784,000 were stolen from a cryptocurrency company at the time of the theft. This is reported by the US Department of Justice.
As indicated by the unlocked arraignment, Joseph James O’Connor – otherwise called “PlugWalkJoe” – contrived with others to take around $784,000 worth of digital currency from a Manhattan-based cryptographic money organization. It’s supposed that O’Connor, who is in his mid twenties, executed a plan with anonymous co-backstabbers to commandeer control of three telephone numbers having a place with chiefs of the designated firm. O’Connor and his partners are blamed for pulling off a SIM-trade assault, which commonly see fraudsters effectively hoodwink a cellphone supplier’s client assistance into giving them control of another person’s telephone number.
Did you know that someone can take over your financial accounts through a SIM swap? A telecommunications company reminded its subscribers to stay vigilant and protect their data to prevent themselves from being victimized by the “SIM swap modus.”
Globe Telecom Inc. warned the public on Sunday about the resurgence of a so-called SIM swap scam. It involves a fraudster gathering various information from a target individual for the first few days or weeks of the scam. These include personal information, e-mails, bank account details, and trading information, among others.
Late Friday afternoon to early evening (Oct. 22, 2021), my wife received a call from an unknown caller who introduced himself as head supervisor of DHL Courier about a package delivery from a Land Watch Company in California, USA. She was asked to hold her line for few minutes as the unknown caller verified the tracking number. Sensing something was wrong and suspicious, my wife dropped the call. Immediately thereafter, she lost her Globe signal. She could not make or receive any calls and text messages after the call until the following day. (The victim’s daughter also received several calls but could not answer at school. When she texted the number, the daughter’s phone also lost its service.)
A federal grand jury has indicted Jordan K. Milleson, age 21, of Timonium, Maryland, and Kyell A. Bryan, age 19, of Kingston, Pennsylvania, on the federal charges of Wire Fraud, Unauthorized Access to Protected Computers in Furtherance of Fraud, Intentional Damage to Protected Computers, Aggravated Identity Theft, and Wire Fraud Conspiracy, in connection with their unauthorized takeovers of victims’ wireless phone and other electronic accounts and to steal digital currency and valuable social media accounts.
Four persons were on Thursday brought before the Kingston and St Andrew Parish Court accused of fleecing millions of dollars from the bank accounts of customers of the First Caribbean International Bank.
The 36-year-old accepted bribes of roughly $500 to perform SIM-swapping on behalf of someone else. For each case, he would be sent a phone number, a four-digit PIN, and a SIM card number to be swapped with the victim's handset details. At least 19 customers were targeted and prosecutors estimate that the employee received $2,325 in bribes.
The healthcare industry is one of the biggest targets for cybercriminals. In 2020, ransomware attacks alone cost the industry $20.8 billion in downtime, affecting well over 600 providers nationwide. The pandemic transformed the landscape for healthcare, with the rapid adoption of technology to support telehealth, and patient portals became the primary way to communicate with providers, access treatment plans and related documents and process payments.
On August 17, 2021, T-Mobile learned that a bad actor illegally accessed and/or acquired personal data. The evidence indicates that the bad actor first gained unauthorized access to a T-Mobile system on March 18, 2021. We have also verified that a subset of T-Mobile data had been accessed and/or acquired by unauthorized individuals and the data stolen from our systems did include some personal information.
Crypto banks function the same as normal banks but only deal with digital assets such as Bitcoin, Ethereum and Ripple. The services of crypto banking include the holding of crypto balance, making payments and providing interest on deposits.
Bell flanker brand Virgin Plus rolled out a new process for SIM transfers, according to details obtained by MobileSyrup. According to a reader tip, Virgin Plus started rolling out the change on October 5th. Existing customers who complete a standalone transfer to a new SIM card in-store will receive a text message to approve the transfer.
Last week the Federal Communications Commission (FCC) put out for comment its first set of consumer cybersecurity protection rules under the Biden administration. These proposed rules address the growing scourge of so-called SIM swapping and port-out fraud.
Google has put out another blog post reminding people that it will soon enable two-factor authentication (2FA) for millions of users by the end of the year. 2FA, or two-step verification as Google calls it, is a security protocol that can help protect online accounts by requiring a second method of authentication when the user signs in. In most cases, this refers the codes texted to people’s phones after they log into a website.
SIM-swap fraud nearly doubled, and digital banking fraud victims lost over R309 million to criminals during 2020, according to the latest statistics from the South African Banking Risk Information Centre (Sabric).
SIM card swap fraud is a creative scam that cybercriminals use to exploit mobile activity. These scams have been on the rise since as far back as 2017, aimed at profitable victims that have been specifically targeted. In 2018, eight members of parliament lost money to hackers on duplicated SIM cards. The members of parliament had pinned this type of fraud on the Uganda Communications Commission’s (UCC) inability to put ample measure to deal with sim card hacking and mobile money fraud.
Bots running on Telegram are used to steal one-time passwords used for two-factor authentication (2FA). Intel 471 researchers said on Wednesday That you have noticed an “increase” in the number of these services provided in secret services. Over the past few months, it seems that the variety of solutions to bypass two-factor authentication has increased, and bots have become a popular tool.
WIRED REPORT found that Google geolocation data had been used in 45 investigations and counting of the US Capitol rioters. That includes the use of two geofence warrants that enabled the FBI to pinpoint suspects within the building in a narrow window of time on January 6.
Coinbase recommends utilizing two-factor with a safety key on its website, adopted by an authenticator app. It lists SMS authentication as a final resort, advising customers to lock their cell accounts to defend themselves from SIM swap scams or cellphone port frauds.
South African Banking Risk Information Centre (SABRIC), on behalf of the banking industry, is warning bank clients about protecting their mobile devices, following a significant increase in phone snatching criminal activity.
With scammers taking advantage of consumers shopping online and working from home during the pandemic, digital crime incidents increased by 33% in 2020 compared to 2019, according to 2020 crime statistics released by the SA Banking Risk Information Centre (Sabric) this week.
In an effort to protect customers of wireless carriers, the FCC on Thursday announced that it has started a “formal rulemaking process” called The Notice of Proposed Rulemaking (NPRM) to stop the practice of SIM Hijacking and Port-Out fraud. This is just the beginning of what could be a one or two-year quest to implement new rules which would require a majority vote from FCC commissioners.
The Federal Communications Commission in the U.S. this week announced that it started to work on rules that would pull the brake on SIM swapping attacks. The decision comes after the agency "received numerous complaints from consumers who have suffered significant distress, inconvenience, and financial harm as a result of SIM swapping and port-out fraud."
SIM-swapping and port-out frauds can have disastrous consequences, but learning to spot the signs and taking preventive steps can help.
More than a year after lawmakers requested such action to protect consumer data and national security, the commission’s move could help to stop hackers undermining multifactor authentication.
SMS OTPs were a good go-to solution, but they are long past their prime. GSM authentication offers a more robust alternative, according to Lincoln Naicker, product owner at Entersekt.
Federal indictments for multiple SIM-swapping conspiracies, Uber driver sues over iPhone seizure by police, and a botched iPhone sale leads to "malicious wounding." The latest in an occasional AppleInsider series, looking at the world of Apple-related crime.
Everything is old New this week again Ransomware makes a comeback It made headlines and hit an important Iowa Grain Cooperative and other targets.with WIRED and DeSnake sit down, The former No. 2 figure in the dark web market AlphaBay, listen to the news of his reappearance and restart four years after AlphaBay was banned by law enforcement. “After the raid, AlphaBay’s name was exposed. I am here to make up for this,” DeSnake said.
‘Phishing’, ‘Vishing’ and ‘SMishing’ are all methods of deceitfully obtaining personal information such as passwords, ID numbers and bank card details, by tricking clients into believing that they are from trusted sources, such as banks or legitimate companies.
The House of Representatives has asked the Nigerian Communications Commission (NCC) to sanction all mobile network operators whose agents are involved in aiding and abetting SIM swap fraud in Nigeria. The call was consequent upon the adoption of the report of the House ad-hoc committee on the increasing incidents of SIM swap fraud led by Abubakar Hassan Fulata.
A customer of AT&T lost his fund because of the sim swap attack. Victim claimed that the company is aware about such kind of scams but still they authorised the hacker to access the account.
American telecom giant AT&T is being sued after one of its customers was allegedly scammed out of cryptocurrency in a SIM swap attack. Jamarquis Etheridge, a Texas, US-based man sued AT&T after he lost cryptocurrency tokens worth $560,000 (roughly Rs. 4 crores) from an account linked to his phone number. As per reports, Etheridge fell prey to a SIM Swap attack in which scammers dig out the numbers of potential victims and get them changed by network operators. After losing his Ether (ETH) tokens, Etheridge decided to take legal action against AT&T, questioning its user security provisions and demanding compensation
Mobile banking has become a smartphone practice as common as dialing a number. According to Insider Intelligence’s Mobile Banking Competitive Edge study, 89 percent of US survey respondents said they use mobile banking — a number that rises to 97 percent for millennials.
Bhubaneswar: The Twin City Commissionerate Police has arrested two former employees of a private telecom company for alleged SIM (Subscriber Identity Module) swapping.
On Wednesday, a Texas resident filed suit against mobile carrier AT&T for violations of state law. The complaint accuses AT&T Inc. of failing to safeguard the plaintiff’s information in connection with a SIM swap that it permitted to occur, allegedly exposing the plaintiff to cryptocurrency theft and indeed causing hackers to empty his exchange account.
For years, security experts have encouraged developers to protect their applications by implementing multi-factor authentication (MFA) as an additional layer of cybersecurity other than passwords. But unfortunately, this has proven to be inadequate. According to a survey conducted by Sift, account hijacking scams increased by 250% in 2020, despite the addition of MFA.
The UK’s high street banks have been called out for “shockingly low” reimbursement rates for Authorized Push Payment (APP) fraud. APP fraud is an increasingly popular type of scam in which the fraudster — posing as a trusted entity such as a family member or business — tricks the victim into transferring money to a bank account under their control. It cost an estimated £479m in 2020.
Keeping tabs on your financial accounts is critical these days, but how can you be certain an alert from your financial institution is legitimate?
A University of California, San Diego student obtained the cell phone accounts of at least 40 people in an effort to milk their cryptocurrency information and blackmailed one victim by threatening to release compromising photos, federal prosecutors said Monday.
SMS is often used as a carrier to send one-time passwords (OTP) to provide additional security for two-factor authentication when digital consumers access web or mobile applications. Unfortunately, SMS carrying an OTP is not enough.
A 21-year-old student at the University of California San Diego allegedly commandeered the cell phone accounts of at least 40 people to plunder their cryptocurrency wallets, prosecutors said.
U.S. Attorney Duane A. Evans announced that RICHARD YUAN LI, age 21, a resident of Hercules, California, was charged on August 26, 2021 by a federal grand jury seated in the Eastern District of Louisiana in a four-count Superseding Indictment with conspiracy to commit wire fraud,...
The alleged international criminal network targeted online influencers, sports stars, musicians and their families in the U.S.
Many users of the Coinbase exchange have found that their accounts are empty when the hackers managed to gain access to them and drained their cryptocurrency wallets. As per the interview done by one of the media publications, the customers of Coinbase across the U.S. were informed that their wallets are emptied once they logged into their accounts.
CNBC interviewed Coinbase users across the country and found thousands of customer complaints against the company.
“Insurers may offer options for worldwide territory. Jurisdiction for claims settlement should be India,” Irdai said in the guidance document on product structure for cyber insurance.
According to the Directorate of Criminal Investigations (DCI), Sabina Evelyne Nyanumba who is a student at Egerton University and 19-year-old Paul Nyabero Kilenya were arrested in Nakuru’s Njoro sub-county over the weekend. “Their pursuit and subsequent arrest followed the June incident where a woman received a call from a new number, and was made to believe that she was being engaged by a Safaricom customer care operator,” said the DCI
Two suspects have been arrested for allegedly conning a couple of Sh716,000 in a Sim-swap scam. Sabina Evelyn Nyanumba, an Egerton University student, and 19-year-old Paul Nyabero Kilenya are accused of committing the offense in June this year. The two were arrested by detectives from the Directorate of Criminal Investigations (DCI) in Njoro, Nakuru County.
The two suspects, an Egerton University student identified as Sabina Evelyne Nyanumba and her 19-year-old accomplice Paul Nyabero Kilenya conned the couple in an alleged sim swap scam. According to a statement from the investigative agency, the duo, who was arrested in Nakuru over the weekend posed as Safaricom customer care agents after calling the woman with the intention to swindle her.
Several million T-Mobile customers may now be busying themselves with setting up free credit freezes to deal with a data breach that included Social Security numbers. But they’re not the only people who should be considering doing some security cleanup work with their wireless accounts.
32-year-old private college teacher lost Rs3.2 lakh to fraudsters while seeking help for a problem he encountered after downloading a credit card payment application.
“Experts say SIM swapping, where fraudsters seize control of a victim’s phone number and SIM card through their phone company, is to blame for many of the cryptocurrency thefts.”
The U.S news channel had interviewed several SIM swap victims, who all voiced dissatisfaction over Coinbase’s handling of their situations. What’s more, the news outlet claims the issue is exacerbated by email being the primary method of contact, while phone support is not readily available. In pressing cases, such as an unexplained loss of funds, this presents a frustrating experience for those involved.
Local mobile network provider, Telekom Networks Malawi (TNM) has revealed that over 91 per cent of mobile money fraud cases originate from Zomba Maximum Security Prison with prisoners and prison warders involved in the syndicate. This was revealed on Thursday at Parliament building in Lilongwe when the Parliamentary Committee on Media, Information and Communication had an interface with officials from TNM to appreciate measures being undertaken to curb the rising cases of mobile money theft.
Threats of frauds and scams are among the most important challenges facing banks and their customers today. The accelerated shift towards digital banking services during COVID-19 has coincided with an upsurge in sophisticated fraud attempts, with the proportion of online fraud attempts using previously unseen tools or techniques going up from 20 per cent to 35 per cent during the pandemic, according to research. Banks in the UAE have continuously been working on identifying and mitigating upcoming fraud threats, and we have been running a concerted campaign, with several of our strategic partners, to educate the public about financial fraud and scams.
Let’s say an attacker manages to get your name, date of birth, and social security number. If you’re lucky, finding your address and reused password in another data dump may be enough to access your T-Mobile account.If that happens, you can be vulnerable to so-called things SIM swap attack, Hackers can switch control of your phone number to the phone they control. That’s definitely bad, but it can be even worse if the verification code sent by services such as Amazon, Twitter, and many banks is delivered by text message. In that case, the key to your online kingdom may be passed directly to someone else. What to do if you are concerned about T-Mobile data breaches
The U.S news channel had interviewed several SIM swap victims, who all voiced dissatisfaction over Coinbase’s handling of their situations. What’s more, the news outlet claims the issue is exacerbated by email being the primary method of contact, while phone support is not readily available. In pressing cases, such as an unexplained loss of funds, this presents a frustrating experience for those involved. “Coinbase’s customer service has been primarily via email, and many customers say it is hard to reach representatives and that they have not been made whole for their losses.”
Tanja Vidovic, a resident of the U.S. and a crypto investor got a shock of her life when she found out that all her savings had just vanished from her Coinbase account and that there is no trace of the currency so far. She received a series of warnings that someone was changing access to his cryptocurrency account. By the time she realized, she saw that someone hacked all of her hard earnings $168,000 in holdings.
For Tanja Vidovic, it was a moment of panic: She had received a series of alerts about someone changing access to her cryptocurrency account. And she realized, as she stared at her computer screen, that nearly all of her $168,000 in holdings was gone — vanished before her eyes.
Coinbase are introducing a newe pilot called: The Coinbase Account Guarantee. Should someone gain unauthorised access to your Coinbase account and misappropriate funds, you may now be eligible for a reimbursement of up to £150,000.
Telecommunications giant T-Mobile warns data belonging to some 50 million individuals has been exposed. Here is a timeline of the data breach and its ramifications.
Just when you think the T-Mobile hack can't get any worse, it does. On Friday, the carrier announced it discovered more customers were affected by the illegal breach. Adding to the seriousness of the hack, more information was accessed than previously thought. (You should take these steps right now to protect your financial information.)
This week, the wireless carrier T-Mobile confirmed reports of a major data breach in which hackers obtained personal information belonging to more than 40 million past, present and potential customers. For some people, that means their full names, date of birth, social security numbers and even information from their driver’s licenses are being shopped around online in exchange for a few bitcoin. Unfortunately, dealing with data breaches is nothing new for the company — or its customer
This week, the wireless carrier T-Mobile confirmed reports of a major data breach in which hackers obtained personal information belonging to more than 40 million past, present and potential customers. For some people, that means their full names, date of birth, Social Security numbers and even information from their driver’s licenses are being shopped around online in exchange for a few bitcoin. Unfortunately, dealing with data breaches is nothing new for the company — or its customers.
Hackers have found their way again into T-Mobile's systems, the fourth reported breach of the company since early 2020, and this haul included sensitive personal information associated with about 48 million people.
The hack and data breach at T-Mobile offers corporate security chiefs a grim lesson in how quickly cybersecurity trouble can trigger business problems, including potentially sweeping customers into further crimes. More on this below.
T-Mobile confirmed this week that it was hit by a "highly sophisticated cyberattack" that exposed names, dates of birth, Social Security numbers and driver's license information for more than 40 million consumers who had applied for credit with T-Mobile.
TMobile has now issued a formal apology and offered free identity theft recovery services to nearly 48 million customers for whom the telecom giant failed to protect their sensitive personal information. At the start of this week, word got out that hackers claimed to have seized personal data for as many as 100 million T-Mobile patrons.
IN AN EMAIL overnight, T-Mobile shared details about the data breach it confirmed Monday afternoon. They’re not great. Assorted data from more than 48 million people was compromised, and while that’s less than the 100 million that the hacker had initially advertised, the vast majority of those affected turn out not to be current T-Mobile customers at all.
ON 10 May 2021 pensioner Engela Smit received a call from her bank, asking if she had withdrawn N$360 000 from her account. A shocked Smit immediately headed to Bank Windhoek's Maerua Mall branch in the capital, and asked for a bank statement. It confirmed that around N$360 000 had been stolen from her account through manipulating the bank's mobile app. Smit is one of 64 victims of a syndicate that has defrauded Bank Windhoek clients of up to N$2,8 million in the space of a year.
A Massachusetts man who used SIM swapping and other account takeover techniques to target business executives and steal more than $530,000 worth of cryptocurrency has pleaded guilty to several federal charges, according to the Department of Justice.
Boyd Egan, of Chicago, Illinois, was sentenced on August 13, 2021, to nine years in federal prison, to be followed by five years of supervised release, for bank fraud and identity theft. Egan also was ordered to pay $160,954.54 in restitution.
Responding to reports that a hacker claimed on an underground forum to have stolen the data of 100 million T-Mobile customers, the cell service provider has confirmed a breach did, in fact, occur, but says they’re still determining whether customer personal data were obtained, CNET reports. T-Mobile states, “We are confident that the entry point used to gain access has been closed, and we are continuing our deep technical review of the situation across our systems to identify the nature of any data that was illegally accessed.”
Not all data Violation Born to be equal. None of them are good, but they do have varying degrees of badness. Considering that they happen frequently, you may have become accustomed to news, which is understandable. Nevertheless, hackers claim that the T-Mobile vulnerability involving 100 million people’s data is worthy of your attention, especially if you are a non-operator customer.
Declan Harrington, a Massachusetts man charged two years ago for his alleged involvement in a series of SIM swapping attacks, pleaded guilty to stealing cryptocurrency from multiple victims and hijacking the Instagram account of others.
US telecom giant T-Mobile has said that it was investigating claims of data breach by a hacker that may have compromised more than 100 million users. The hacker is asking for 6 BTC in exchange for some of the data.
United States telecom giant T-Mobile’s data has been breached by the hacker, and he has demanded 6 BTC ($287,000) in exchange for some data. The data that has been breached is sensitive and carries some important numbers, social media handles, physical addresses and much more.
United States telecom giant T-Mobile is looking into an alleged massive data breach that may have compromised more than 100 million users.
The American telecommunications provider T-Mobile falls victim to yet another data breach. More than 100 million user data have been stolen, including names, physical addresses, phone numbers, security numbers, unique IMEI numbers and driver license information.
SIM swapping happens frequently — in the last few years, there have been several examples of SIM swapping in Canada. Plus, SIM swap attacks against high-9 profile targets, like Twitter CEO Jack Dorsey, have elevated the issue.
There is no doubt that the digital world has made the lives of people easy to somewhat. At the same time, it has given platforms for online frauds and cybercrimes. There have been reports of people losing money from their bank accounts due to online frauds.
Kevin Frye filed a complaint in the Southern District of Florida against T-Mobile USA, Inc. for allegedly conducting a “SIM-Swap” without his consent, resulting in the loss of tens of thousands of dollars worth of cryptocurrency.
The Buganda Road Chief Magistrates’ Court has charged and remanded to Kitalya Prison five people on charges of hacking into airtel money services and stealing millions of shillings from unsuspecting customers. The group all residents of Namasuba Kikajjo zone in Wakiso district are said to have defrauded businessman Salim Sserujja of sh10,106,020 by gaining access to his phone after sending him a One Time password message [OTP] and convincing him to read the message after calling him thereafter transferring money from his phone.
These days, if you have lost your SIM card, you can have your number reinstated by your network service provider if you satisfy certain requirements, which are questions about the very same number. On this note, a new crime has emerged where impostors call users and pretend to be agents of their network service providers, telling them that someone wants to hack their numbers but they can prevent that if the users share certain security details with them.
Identity theft is one of the fastest-growing crimes in the world. Experts believe someone’s identity is stolen somewhere in the world every two seconds. According to the SAFPS 2020 statistics, there were significant increases in key areas, such as fraud listings that increased by 62%, victim listings increasing by 54% and impersonation fraud by 337%.
A 30-year-old man lost Rs 84 lakh due to SIM swap fraud by some unidentified cyber criminals. The victim, Shivam Arora, has lodged an FIR with the Hare Street police station in this regard.
There has been a sizable surge in usage of digital modes of payment during the recent years leading to improved customer convenience and to inching towards the national objective of financial inclusion. However, while this has improved the ease of doing financial transactions, co-incidentally, the number of frauds in retail financial transactions has also gone up. Concerned, the RBI Ombudsman has issued an advisory called “BE (A)WARE.
You may have heard or read about fraud modus involving what is called a “SIM swap scam” and thought, how can this happen exactly? A SIM swap is the last step to be carried out by the scammers in order to take over an individual’s financial accounts, be it banking, trading or credit cards.
A cyber expert Sunny Nehra has warned users about the SIM swap cases. Cyber criminals are pretending to be Vodafone, Jio, Airtel customer care executives and users are being asked to submit their 20-digit SIM card number and Aadhar card details. Using the details, the cyber criminals are gaining complete access to the bank accounts of users.
One day after last summer’s mass-hack of Twitter, KrebsOnSecurity wrote that 22-year-old British citizen Joseph “PlugwalkJoe” O’Connor appeared to have been involved in the incident. When the U.S. Justice Department last week announced O’Connor’s arrest and indictment, his alleged role in the Twitter compromise was well covered in the media.
The Pegasus developed by Israeli cybersecurity firm NSO Group, spying scandal is back in headlines. An international media consortium reported on Sunday that over 300 verified mobile phone numbers, including of two ministers, over 40 journalists, three opposition leaders besides scores of business persons and activists in India could have been targeted for hacking through the spyware.
A juvenile in Canton Township and six other men have been identified as members of “The Community,” an international group that hacks into people’s cellphones -- often bribing or tricking mobile phone companies -- to steal millions of dollars in Bitcoin and other cryptocurrency, officials said.
The Commercial Division of the High Court of Malawi has found both Airtel Malawi and Standard Bank Limited liable in a case in which Billy Milindo was claiming a refund of K24 million, which was fraudulently cashed out by two fraudsters at two of Standard Bank Branches in Blantyre.
The United States Department of Justice announced that Joseph O’Connor (aka as the "notorious SIM swapper"), a 22-year old UK national, was detained in Spain on several charges related to the Twitter hack in July 2020.
With two young boys and a single income, “John” and “Lisa,” were slowly building investments in cryptocurrency, were stunned to discover that $75,000 in his crypto account had dropped to $2,000.
South Africa’s mobile service providers continue to face pressure from new and existing clients to tighten up their data security, as fraudsters continue to take advantage of false identities and SIM swap scams.
The House of Representatives on Friday failed to consider the report by its Ad Hoc Committee on the Increasing Incidents of SIM Swap Fraud, which was mandated to carry out the investigation two years ago. The report of the committee was listed for consideration on Thursday and Friday but was stepped down for the passage of the Petroleum Industry Bill and the Electoral Act 2010 (Amendment) Bill 2020.
Three men were booked for hacking into a bank account of a senior citizen and transferring ₹38 lakh from it, without the man’s knowledge.
Criminals often use phishing to trick you into disclosing your personal information like usernames, passwords, credit card details and mobile phone numbers. They sometimes also request your One Time Password/PIN (OTP) that will be sent to your mobile phone when transacting.
A fraud suspect suspected of running a high-tech mobile phone scam syndicate was apprehended on Saturday morning, and a gunny bag containing SIM cards belonging to Safaricom, Airtel, and Telcom mobile phone service providers recovered.
As the number of high-profile SIM swap frauds rises, telcos, financial institutions, and other organizations must do more to protect their consumers and lead with security. Every product, service, and interaction must have a cross-channel security approach baked in.
SIM-swapping frauds are on the rise. This is a type of account takeover scam where hackers take control of your phone number to access all kinds of personal information. It requires only minor tech skills for an attacker to target your cellphone number, which is why it has become popular with younger, less sophisticated hackers. So today, we’re going to talk about SIM-swapping scams — what they are, how they work, and how you can defend yourself from becoming one of its victims.
MIDC Police arrested two men from India for their alleged role in a Rs 20 lakh SIM swap fraud on July 12. The accused kingpin had stolen data from a jewellery company's computer system using malware and had wired the stolen money to several accounts across the country.
While strong authentication truly is the cornerstone of good security, it’s important to note that there’s no such thing as a silver bullet in this industry and that cybercriminals have found ways to bypass MFA protections.
This isn’t the first time the major U.S cellphone carrier has faced litigation over its alleged breach in its duty of care over customer data and loss of bitcoin. Earlier this year, T-Mobile was sued over a SIM-swap attack that resulted in the loss of more than $450,000 in bitcoin.
Telus-owned Public Mobile announced on Wednesday customers now need an extra security step in order to change their SIM card number, in the form of 2-factor authentication.
Federal Bureau of Investigation (FBI) has issued a warning that cybercriminals are increasingly targeting crypto exchanges, third-party payment platforms as well as private owners of digital assets.
Imimobile, a company which Cisco acquired this year, aims to provide technology solutions to banks and other financial institutions to help detect and prevent suspicious SIM swap activity.
A criminal syndicate took control of Vodacom, MTN and Telkom subscribers' accounts and stole millions through facilitating illegal SIM swaps.
In recent years, mobile operators – having centralised many services including purchasing data and airtime, accessing certain banking services and even transferring funds to another mobile number – have seen a sharp increase in scams. While some are well-known, such as performing a SIM swap, others are a bit more sophisticated. We look at some of the most common mobile network scams out there and how you can better protect, not only your money, but your device.
Mobile Carrier Mint Mobile disclosed that a data breach has happened between June 8 and June 10 for a small number of their customers. The bad actor temporarily number ported their Mint Mobile accounts to another mobile carrier. While they were able to retrieve the numbers, the bad actor had access to personal identifying information of the data breach victims, and therefore advised their customers to take precautionary measures and to reset their passwords.
The FBI advices cryptocurrency owners, and platforms to stay vigilant against possible cyber attacks.
Richard Harris, a consumer filed a complaint against T-Mobile for allegedly giving a hacker his account information, resulting in a loss of approximately $55, 000 worth of his Bitcoin.
Identity theft is identified as one of the biggest crimes in the world. Sim Swap is one way syndicates can steal your identity, thus getting access to your Money and Accounts.Here’s how it works and what to do if you have fallen victim.
Through Sim-swap, fraudster can keep victims from getting alerts through SMS. Instead, these information like OTP, URN, or other verification codes go straight to the fraudsters who are going to use these to make online banking transactions though the victims' accounts.
Twitter added a new feature: for users to have an option to use security keys as a form of 2FA, which helps to keep people's account secure.
Phone number is an easy-to-find detail that can be used by cybercriminals to take over one's life. Recently a deputy minister lost a huge amount of money and someone was able to take over an operation with his company.
Sim Swaps allows crypto scammers to gain consumers' credentials and use it to send an invite that seems legit then making them send their money to a wallet. Though this is the case, specialists developed software that can verify transactions to avoid scams.
With the rise of Digital technology, the danger in our personal security is also alarming. If we want to strengthen our security and secure our information and data, we must first understand the threats we face and how to prevent them.
Overtime technologies are fast evolving, cybercriminals too are fast to adapt and develop ways to access what they needed to steal from individuals. Learn how Sim Swap Crime works and how to prevent this from happening to you.
Public Mobile's employee once told a customer that the service she uses is “more at risk than others” because she pays less. Are phone carriers using less secured methods when you pay lesser than the others?
Dr. Patel from New Delhi, India lost Rs 4 lakh ($5,381.64 USD) last week due to a phone call scam. Cybercrim
Sharon, a resident in Burnaby, shared how Sim Swap hacker emptied her bank account and what to do when this happens to you.
SIM swap victim Phil Michno loses 3 BTC after a Boost Mobile customer rep authorizes a fraudulent SIM swap to T-Mobile.
You take cybersecurity seriously. You use strong, unique passwords that can’t be guessed. Your sensitive accounts are backed up with two-factor authentication (2FA). Your devices are with you at all times.
Identity theft become one of the most reported issue in the financial and telecommunications sectors. Due to this, Kenyan banks loses over 13 billion KSH ($121.49 million) a year shown through a survey conducted by TransUnion’s digital fraud solution.
Before you realize it's happening, Fraudsters can easily take over your life by imitating your identity. This is possible if they can access your accounts through your SIM card.
A Chinese National, who worked for an intelligence agency in China, caught for smuggling 1300 Indian SIM cards. The Sim cards were being used by a gang of Chinese people for hacking accounts, and committing several kinds of financial frauds for the last two years.
Machakaire, Deputy Minister in South Africa lost a total of R600 000 when criminals had control of his Company, Tinmac Motors. All this happened when criminals hacked his mobile phone line.
An investigation has uncovered 1, 914 subscriber accounts under MTN that were compromised by cybercriminals to facilitate illegal SIM swaps in South Africa.
“Even security-savvy individuals who use MFA find themselves plagued by hackers with sophisticated technology at their disposal,” stated Greg Smith, Vice President of Services Delivery at Messaging Architects. Cyber security Experts shares an example of such crime and provided methods on keeping your identity secured.
Authentication platform tru.ID has released Active SIMCheck, an easy to integrate API product, as a timely response to the alarming growth in SIM swap fraud and account takeovers.
Sim swapping is commonly used by cybercriminals these days to get into an individual’s identity and personal data. They can change account passwords, steal money or data. They can control your life. Here are a few things to prevent this from happening to you.
A Pennsylvania woman who lost the equivalent of $20,000 in cryptocurrency as part of a mobile fraud scheme says T-Mobile failed to protect her account in the face of a wave of similar incidents.
Two-factor authentication has significantly increased security for online consumer transactions, but a highly targeted attack can spell millions in losses.
Varsha Aggarwal a resident of Noida in India, received a call from someone pretending to be a Call Center Representative. The latter aimed to get Aggarwal's information for a Sim Swap process and to steal money from her.
Here’s how easily your phone number could be stolen, why a successful SIM swap scam is only the beginning of your problems, and how you can avoid becoming a victim of the attack
Cryptocurrency has become a red-hot investment, generating huge returns for people who bought in at the right time. But ABC Action News I-Team Investigator Adam Walser has uncovered cyber-criminals have found ways to drain people’s cryptocurrency accounts in the blink of an eye.
A SIM card, also called a subscriber identity module or subscriber identification module, is a small memory card that contains unique information that identifies it to a specific mobile network. This card allows subscribers to use their mobile devices to receive calls, send SMS messages, or connect to mobile internet services.
Mobile phones and other devices have become integral to business, education, and socialization. According to research conducted by Deloitte, mobile phone penetration is at 91% in developed countries, and 90% in developing countries. Mobile phones have become an integral part of daily life in nearly every country around the world.
The Queen actor SK Khoza has hit out at famous network provider Vodacom for allowing a random person to do a swim swap on his number.
A Timonium man was sentenced last week to serve two years in federal prison, followed by one year of supervised release after pleading guilty to aggravated identity theft, in connecting with schemes to use the identity information of victims to steal digital currency and social media accounts.
A 57-year-old man from the camouflage department lost 850 euros after a “SIM swap”, reports France 3 Occitanie
Boris Johnson’s personal phone number has been publicly available on the internet for 15 years, it has been revealed. Listed at the bottom of a 2006 press release, the number has reportedly been accessible online from the time the prime minister was shadow higher education minister through to his rise to Number 10.
Eric Meiggs admitted he and one other co-conspirator focused their attacks on those they considered “OG” or “original gangster” of crypto social media, according to an announcement by the Department of Justice Wednesday.
Securities regulators and enforcement officials do not have the luxury of downtime. With markets surrounding digital assets operating at all hours and on a global scale, there is a constant supply of bad actors needed to be kept in check.
Popular hacking forum OGUsers has been hacked for its fourth time in two years, with hackers now selling the site's database containing user records and private messages.
The world's leading provider of mobile payment and identity solutions, and French mobile services providers SFR, Orange and Bouygues Telecom, today announced that they have signed a partnership to launch mobile identity products aimed at protecting consumers against cyber-hacks, account takeover attacks, SIM swap attacks, and other forms of digital fraud.
Half of all phishing complaints reported to the state's nodal cybersecurity agency, Maharashtra Cyber, in the past two financial years pertained to banking frauds.
Information leaks by shady hackers, increased use of online banking and a rise in e-commerce activity could lead to a rise in SIM-swap fraud – although South African banks say they’ve already recognised the threat.
North American IT company Presidio faces a proposed data breach class action by an employee for an incident involving employee data.
Ne’er-do-wells leaked personal data — including phone numbers — for some 553 million Facebook users this week. Facebook says the data was collected before 2020 when it changed things to prevent such information from being scraped from profiles.
At first glance, it seems so retro. Subscriber Identity Module cards, better known as SIM, used to be an easily removable portable memory chip that acted as the brain of a mobile device.
Choose the wrong beneficiary or transpose an account number and your money will end up as an unintentional gift in someone’s account. That someone may well choose not to give it back, and the bank can’t compel them to, leaving lengthy, costly legal action as your only option.
A new type of scam worries telecom companies. Criminals have succeeded in copying users' SIM cards. Cecilia grew up as Guerra, gaining access to their bank accounts and business houses.
JT Group's Clare Messenger on How Banks, Mobile Network Operators Can Collaborate
IPification, the passwordless, one-click mobile identity and authentication solutions provider deployed its one-click phone verification, SIM swap detection and KYC data services within Swisscom, the leading mobile network operator in Switzerland.
Telecommunication companies have rejected demand by the Nigerian Electronic Fraud Forum (NeFF) and banks to submit lists of SIM Swap customers to Nigeria Interbank Settlement System (NIBSS) for watchlist against e-fraud, it was learnt on Tuesday.
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A portion of your donation may be used to provide funding for lawsuits against the carriers and criminals. Because the carriers’ Terms of Service do not allow for legal class actions, each victim must take action individually, which may benefit victim individual. For that reason, we are not able to get tax-exempt status. To be clear, your donation is not tax deductible. However, our intention is that our collective efforts through your support will compel the carriers to fix the problem.