Tag: account takeover
3-Year Prison Sentence for SIM Swapper Who Stole Cryptocurrency Worth $20mn
Anthony Faulk also forfeited a million-dollar home, JP Morgan accounts holding millions, luxury cars and fancy jewelry.
FBI Says SIM Swapper Hijacked Accounts of Instagram Influencers to Sexually Harass Them
Amir Hossein Golshan is alleged to have demanded dates and masturbated whilst a victim performed a striptease by video call.
Six Arrested for Swapping SIMs and Forging IDs to Raid a Million Dollars from Bank Accounts
Hijacking the phone services of victims was part of a process that culminated with bank withdrawals made in person using fake ID.
Google MVNO Privacy Breach Leads to SIM Swap Takeover
Little is known about the breach at Google Fi, but the timing suggests it is linked to a breach at T-Mobile, one of their network providers.
London Thief Exploits Yet Another Flaw with SMS OTPs
A serial criminal is taking phones from gym lockers and using them to remove thousands of pounds from bank accounts.
Aussie Telco KYC Failures Prompt Large Fine
Circles.Life was given an AUD199,800 fine and will pay another AUD100,000 to compensate customers after failing to perform identity checks that would have stopped frauds.
LAPSUS$ Stole Source Code from T‑Mobile US
Security researcher Brian Krebs reviewed leaked Telegram chats between two childish members of the LAPSUS$ hacker-extortion gang.
MTN Ghana Insiders Amongst Five Arrested for Attempting $280,000 SIM Swap Frauds
The gang had already stolen GHC200,000 (USD27,000) before they were caught using mobile apps to make three more bank withdrawals.
Australia Considers New Rules to Prevent SIM Swaps
The Australian Communications and Media Authority (ACMA) wants telcos to use multi-factor authentication for all 'high risk' customer interactions.
Police Take Down the ‘Favorite’ VPN of Criminals
Safe-Inet advertised its 'bulletproof' virtual private network services on black hat forums.
Account Takeover Specialists SpyCloud Close $30mn Investment Round
SpyCloud identifies vulnerable online accounts by checking them against their library of compromised credentials.
UK Mobile Network Introduces African-Style SIM Swap Control
EE's platform allows other businesses to check if a customer's SIM has been replaced, or whether their calls are being diverted.
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The Commsrisk Global Fraud Dashboard
Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.
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