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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. Those who submitted credentials were then prompted to provide the one-time password needed for multi-factor authentication. 9, 2024, U.S.

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Scary Fraud Ensues When ID Theft & Usury Collide

Krebs on Security

Although he didn’t technically have an account with MSF, their authentication system is based on email addresses, so Jim requested that a password reset link be sent to his email address. Jim said numerous calls to Bank of America’s fraud team went nowhere because they refused to discuss an account that was not in his name.