Just by controlling your SIM (Subscriber Identity Module), a cybercriminal could access your texts, email accounts, contacts, and bank accounts. The cybersecurity breach possibilities are endless!
Law enforcement authorities in New York have charged a man in connection with an alleged SIM swap scam which saw victims lose out to the tune of $150,000 in digital currency, according to reports.
A 36-year-old resident of Brandon, Florida, was charged in a one-count Bill of Information with conspiracy to commit wire fraud, in violation of Title 18, United States Code, Sections 371 and 1343, for his role in a SIM Swap scam that targeted at least nineteen people, including a New Orleans-area physician. DEFIORE is the second member of the conspiracy to be charged
Using SMS as a second factor for authentication has always been a bit iffy, due to the risk of “SIM swapping” attacks. However, many people (and organizations) have been willing to take the risk, as the general consensus has been that SIM swapping is a relatively rare and somewhat difficult attack to pull off.
A 36-year-old Florida-based telco employee was charged Monday over a SIM-swapping scam that stole one victim’s cryptocurrency.
Donations to StopSIMCrime are used to raise awareness by supporting this website, travel to present at events, help victims recover their money, and stop carriers from giving our service to criminals.
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.