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Feds Break Up Major SIM-Hijacking Ring

Adam Levin

million worth of wire fraud and identity theft. The hacking group, called “The Community” primarily used social engineering (trickery) and SIM card hijacking to steal funds and cryptocurrency from their victims. Once authenticated, the mobile phone number of the target victim is moved to the criminal’s phone.

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Two men arrested for stealing $550,000 in cryptocurrency with Sim Swapping

Security Affairs

On Thursday, US authorities arrested two crooks charging them with stealing $550,000 in cryptocurrency from at least 10 victims using SIM swapping. American law enforcement has declared war to sim swapping scammers and announced the arrest of two individuals for stealing $550,000 in Cryptocurrency. In May, the U.S.

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Store manager admits SIM swapping his customers

Malwarebytes

For that reason, SIM swapping can be used to get around two-factor authentication (2FA) codes sent by SMS message. He was paid in Bitcoin, which was traced back to Katz’s cryptocurrency account. Consider setting up 2FA on dedicated authentication apps (such as Google Authenticator) or hardware, rather than using SMS.

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SEC X account hacked to hawk crypto-scams

Malwarebytes

We have seen several high-profile accounts that were taken over on X (formerly Twitter) only to be used for cryptocurrency related promotional activities, like expressing the approval of exchange-traded funds (ETFs). A spot Bitcoin ETF will buy the cryptocurrency directly, “on the spot”, at its current price, throughout the day.

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Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

Krebs on Security

authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. The missives asked users to click a link and log in at a phishing page that mimicked their employer’s Okta authentication page. 9, 2024, U.S.

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How Cybercriminals Use Stolen Personal Data for Tax Fraud

Identity IQ

This means a criminal might have purchased your bank account details and tax documents online and then have authenticated access to your bank account. When the IRS deposits money into your bank account, the criminal can transfer the money into an untraceable cryptocurrency wallet. File Your Taxes As Soon As Possible.

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More Alleged SIM Swappers Face Justice

Krebs on Security

Investigators allege that between October 2016 and May 2018, Hared and Ditman grew proficient at SIM swapping, a complex form of mobile phone fraud that is often used to steal large amounts of cryptocurrencies and other items of value from victims. The Justice Department says Hared was better known to his co-conspirators as “ winblo.”