Busting SIM Swappers and SIM Swap Myths

ronjor · Nov 7, 2018

KrebsOnSecurity recently had a chance to interview members of the REACT Task Force, a team of law enforcement officers and prosecutors based in Santa Clara, Calif. that has been tracking down individuals engaged in unauthorized “SIM swaps” — a complex form of mobile phone fraud that is often used to steal large amounts of cryptocurrencies and other items of value from victims. Snippets from that fascinating conversation are recounted below, and punctuated by accounts from a recent victim who lost more than $100,000 after his mobile phone number was hijacked.
Click to expand...

https://krebsonsecurity.com/2018/11/busting-sim-swappers-and-sim-swap-myths/

shmu26 · Nov 8, 2018

"the perpetrators accessed a Google Drive document that Ferri had used to record credentials to other sites, including a cryptocurrency exchange. "

Sorry, but someone who keeps high-value credentials in a clear-text document on Google Drive...

ronjor · Jan 8, 2019

SIM Swapping Victims Who Lost Millions Are Pressuring Telcos to Protect Their Customers

by Lorenzo Franceschi-Bicchierai Jan 8 2019, 1:01pm
A small group of victims of SIM swapping hacks is trying to raise awareness, teach people about the scam, and put pressure on cell phone providers to step up their efforts against cybercriminals.
Click to expand...

ronjor · Jan 16, 2019

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

Unsettling new claims have emerged about Nicholas Truglia, a 21-year-old Manhattan resident accused of hijacking cell phone accounts to steal tens of millions of dollars in cryptocurrencies from victims. The lurid details, made public in a civil lawsuit filed this week by one of his alleged victims, paints a chilling picture of a man addicted to thievery and all its trappings. The documents suggest that Truglia stole from his father and even a dead man — all the while lamenting that his fabulous new wealth brought him nothing but misery.
Click to expand...

ronjor · May 10, 2019

Eight Americans and an Irishman have been charged with wire fraud this week for allegedly hijacking mobile phones through SIM-swapping, a form of fraud in which scammers bribe or trick employees at mobile phone stores into seizing control of the target’s phone number and diverting all texts and phone calls to the attacker’s mobile device. From there, the attackers simply start requesting password reset links via text message for a variety of accounts tied to the hijacked phone number.
Click to expand...

https://krebsonsecurity.com/2019/05/nine-charged-in-alleged-sim-swapping-ring/

guest · May 11, 2019

U.S. investor awarded $75 million in cryptocurrency crime case
May 10, 2019
https://www.reuters.com/article/us-...on-in-cryptocurrency-crime-case-idUSKCN1SG2CO

U.S. entrepreneur and cryptocurrency investor Michael Terpin won $75.8 million in a civil judgment against a 21-year-old man who Terpin said was part of a scheme that defrauded him of digital currencies, court documents showed on Friday.
Terpin’s tokens were stolen when Truglia and other participants fraudulently transferred Terpin’s phone number to their control. This allowed them to reset passwords and access online accounts.
Click to expand...

Log in or Sign up

Busting SIM Swappers and SIM Swap Myths

ronjor Global Moderator

shmu26 Registered Member

ronjor Global Moderator

ronjor Global Moderator

ronjor Global Moderator

guest Guest

Log in or Sign up

Busting SIM Swappers and SIM Swap Myths

ronjor Global Moderator

shmu26 Registered Member

ronjor Global Moderator

ronjor Global Moderator

ronjor Global Moderator

guest Guest

Useful Searches