NY Man Pleads Guilty in $20 Million SIM Swap Theft

Credit to Author: BrianKrebs| Date: Thu, 16 Dec 2021 17:52:03 +0000

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.

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The FCC moves to curb SIM swap attacks

Credit to Author: Malwarebytes Labs| Date: Fri, 01 Oct 2021 16:15:25 +0000

The FCC wants carriers to adopt more secure methods of authenticating a customer before redirecting a phone number to a new device.

Categories: Malwarebytes news

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FCC Proposal Targets SIM Swapping, Port-Out Fraud

Credit to Author: BrianKrebs| Date: Fri, 01 Oct 2021 15:09:51 +0000

The U.S. Federal Communications Commission (FCC) is asking for feedback on new proposed rules to crack down on SIM swapping and number port-out fraud, increasingly prevalent scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identity.

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Telegram-powered bots circumvent 2FA

Credit to Author: Malwarebytes Labs| Date: Thu, 30 Sep 2021 11:11:14 +0000

Researchers have found bots in Telegram that provide fraud support to other criminals and even bypass certain 2FA methods.

Categories: Social engineering

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Man Robbed of 16 Bitcoin Sues Young Thieves’ Parents

Credit to Author: BrianKrebs| Date: Wed, 25 Aug 2021 22:20:16 +0000

In 2018, Andrew Schober was digitally mugged for approximately $1 million worth of bitcoin. After several years of working with investigators, Schober says he’s confident he has located two young men in the United Kingdom responsible for developing a clever piece of digital clipboard-stealing malware that let them siphon his crypto holdings. Schober is now suing each of their parents in a civil case that seeks to extract what their children would not return voluntarily.

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PlugwalkJoe Does the Perp Walk

Credit to Author: BrianKrebs| Date: Mon, 26 Jul 2021 18:18:38 +0000

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 Justice Department last week announced O’Connor’s arrest and indictment, his alleged role in the Twitter compromise was well covered in the media. But most of the coverage so far seem to have overlooked the far more sinister criminal charges in the indictment, which involve an underground scene wherein young men turn to extortion, sextortion, SIM swapping, death threats and physical attacks — all in a bid to seize control over highly-prized social media accounts.

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Serial Swatter Who Caused Death Gets Five Years in Prison

Credit to Author: BrianKrebs| Date: Wed, 21 Jul 2021 19:59:03 +0000

A 18-year-old Tennessee man who helped set in motion a fraudulent distress call to police that lead to the death of a 60-year-old grandfather in 2020 was sentenced to 60 months in prison today.

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Are You One of the 533M People Who Got Facebooked?

Credit to Author: BrianKrebs| Date: Tue, 06 Apr 2021 18:55:53 +0000

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. To my mind, this just reinforces the need to remove mobile phone numbers from all of your online accounts wherever feasible. Meanwhile, if you’re a Facebook product user and want to learn if your data was leaked, there are easy ways to find out.

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