SIM-swapping attacks targeting executives are on the rise. In 2023, the FBI investigated 1,075 SIM-swapping attacks, which resulted in nearly $50 million in losses. SIM swapping has become so ...
A cellphone number can appear to be a simple way to reach someone, but it is also often tied to bank accounts, password ...
A former AT&T store employee took part in a SIM-swapping scheme that allowed a hacker to access victims’ bank accounts and ...
Most people picture account theft as a hacker breaking into a device, but one of the more damaging techniques never requires physical access to a phone at all. In a SIM-swap attack, a criminal ...
Former AT&T employee Kenneth Carter sentenced to 16 months in federal prison for SIM swapping conspiracy targeting nearly ...
SIM swap fraud continues to cause substantial financial losses for both consumers and financial institutions, undermining the integrity of the financial ecosystem. According to the FBI’s IC3 Report, ...
As SIM swap attacks are often seen as non-demanding regarding technical skills, users must be diligent with their identity security. Despite the rise of cybersecurity infrastructure, online identity ...
The Justice Department recently, quietly unsealed an indictment that some mainstream and crypto media platforms quickly picked up and reported as charges that "solved" the mystery of a $400 million ...
The latest figures from the UK's National Fraud Database show a tenfold rise in SIM swap fraud cases over the past year. Criminals are hijacking mobile numbers to intercept two-factor authentication ...
Since the cryptocurrency exchange FTX collapsed in November 2022, a lingering question had been what happened to approximately $400 million in cryptocurrency that disappeared as Sam Bankman-Fried’s ...
The hacker managed to steal $794,000 worth of crypto from an exchange via a SIM swap attack on an executive, but didn’t cover his tracks well. British Hacker Joseph O’Connor, also known online as ...
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