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Two Charged in SIM Swapping, Vishing Scams

Krebs on Security

Two young men from the eastern United States have been hit with identity theft and conspiracy charges for allegedly stealing bitcoin and social media accounts by tricking employees at wireless phone companies into giving away credentials needed to remotely access and modify customer account information. Prosecutors say Jordan K.

Scams 302
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How 1-Time Passcodes Became a Corporate Liability

Krebs on Security

Those who submitted credentials were then prompted to provide the one-time password needed for multi-factor authentication. This phishing gang apparently had great success targeting employees of all the major mobile wireless providers, but most especially T-Mobile. ” On July 28 and again on Aug. According to an Aug. In an Aug.

Mobile 291
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The Life Cycle of a Breached Database

Krebs on Security

Every time there is another data breach, we are asked to change our password at the breached entity. Our continued reliance on passwords for authentication has contributed to one toxic data spill or hack after another.

Passwords 356