DOJ accuses Verizon and AT&T employees of participating in SIM-swap identity theft crimes ...

Have a question or want to start a discussion? Post it! No Registration Necessary.  Now with pictures!

The DOJ has indicted three former Verizon and AT&T employees for
alleged membership in a crime-ring known as the "The Community"; the
indictment says the telco employees helped their confederates
undertake "port-out" scams (AKA "SIM-swapping" AKA "SIM hijacking"),
which allowed criminals to gain control over targets' phone numbers,
thereby receiving SMS-based two-factor authentication codes.

Once in possession of these codes, attackers could take control of
targets online accounts, including their banking and cryptocurrency
exchange accounts (and also web-based email accounts that could serve
as a gateway to many other systems). The returns could be massive, and
several cryptocurrency users suffered losses in the millions.

https://boingboing.net/2019/05/14/inside-jobs.html

--  
Bill Horne
(Remove QRM from my email address to write to me directly)

Site Timeline