Gang arrested for SIM-swapping celebrities, stealing $100 million

Credit to Author: Malwarebytes Labs| Date: Mon, 15 Feb 2021 12:44:19 +0000

The attacks targeted thousands of people and netted some high-profile victims, such as online influencers, sports stars, and musicians.

Categories: Social engineering

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The post Gang arrested for SIM-swapping celebrities, stealing $100 million appeared first on Malwarebytes Labs.

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Why Phone Numbers Stink As Identity Proof

Credit to Author: BrianKrebs| Date: Sun, 17 Mar 2019 23:25:06 +0000

Phone numbers stink for security and authentication. They stink because most of us have so much invested in these digits that they’ve become de facto identities. At the same time, when you lose control over a phone number — maybe it’s hijacked by fraudsters, you got separated or divorced, or you were way late on your phone bill payments — whoever inherits that number can then be you in a lot of places online.

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

Credit to Author: BrianKrebs| Date: Wed, 16 Jan 2019 00:52:34 +0000

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.

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Bug Bounty Hunter Ran ISP Doxing Service

Credit to Author: BrianKrebs| Date: Fri, 09 Nov 2018 20:52:01 +0000

A Connecticut man who’s earned “bug bounty” rewards and public recognition from top telecom companies for finding and reporting security holes in their Web sites secretly operated a service that leveraged these same flaws to sell their customers’ personal data, KrebsOnSecurity has learned.

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Busting SIM Swappers and SIM Swap Myths

Credit to Author: BrianKrebs| Date: Wed, 07 Nov 2018 05:49:37 +0000

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.

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U.S. Mobile Giants Want to be Your Online Identity

Credit to Author: BrianKrebs| Date: Wed, 12 Sep 2018 20:58:31 +0000

The four major U.S. wireless carriers today detailed a new initiative that may soon let Web sites eschew passwords and instead authenticate visitors by leveraging data elements unique to each customer’s phone and mobile subscriber account, such as location, customer reputation, and physical attributes of the device. Here’s a look at what’s coming, and the potential security and privacy trade-offs of trusting the carriers to handle online authentication on your behalf.

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Instagram’s New Security Tools are a Welcome Step, But Not Enough

Credit to Author: BrianKrebs| Date: Wed, 29 Aug 2018 22:59:39 +0000

Instagram users should soon have more secure options for protecting their accounts against Internet bad guys.  On Tuesday, the Facebook-owned social network said it is in the process of rolling out support for third-party authentication apps. Unfortunately, this welcome new security offering does nothing to block Instagram account takeovers when thieves manage to hijack a target’s mobile phone number — an increasingly common crime.

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Alleged SIM Swapper Arrested in California

Credit to Author: BrianKrebs| Date: Wed, 22 Aug 2018 16:58:17 +0000

Authorities in Santa Clara, Calif. have arrested and charged a 19-year-old area man on suspicion hijacking mobile phone numbers as part of a scheme to steal large sums of bitcoin and other cryptocurrencies. The arrest is the third known law enforcement action this month targeting “SIM swappers,” individuals who specialize in stealing wireless phone numbers and hijacking online financial and social media accounts tied to those numbers.

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