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GUEST ESSAY: Lessons to be learned from the waves of BofA phone number spoofing scams

The Last Watchdog

Phone number spoofing involves manipulating caller ID displays to mimic legitimate phone numbers, giving scammers a deceptive veil of authenticity. Related: The rise of ‘SMS toll fraud’ The Bank of America scam serves as a prime example of how criminals exploit this technique.

Scams 246
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NY Man Pleads Guilty in $20 Million SIM Swap Theft

Krebs on Security

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. Nicholas Truglia, holding bottle.

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On the Twitter Hack

Schneier on Security

Not a few people's Twitter accounts, but all of Twitter. The hacker used that access to send tweets from a variety of popular and trusted accounts, including those of Joe Biden, Bill Gates, and Elon Musk, as part of a mundane scam -- stealing bitcoin -- but it's easy to envision more nefarious scenarios.

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