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

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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.

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

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