Police Arrest Child Following $36mn Crypto SIM Swap
Canadian law generally prohibits the naming of offenders aged 17 or under.
Now You Can Buy Bots That Steal SMS OTPs
Crooks are selling software that automates social engineering. Bots call targets and ask for one-time passwords that are used to take control of bank, cryptocurrency and PayPal accounts.
All UK Mobile Operators Offer Anti-Fraud API That Confirms If Phone Numbers Belong to Users
The Number Verify product checks if a phone number submitted via a web form matches the number of the device being used.
¥27mn Stolen from NTT Docomo E-Money Accounts
Criminals made withdrawals from bank accounts linked to payment apps provided by Japan’s leading mobile operator and five other businesses.
Telco Staff Targeted by New Custom Spear Voice Phishing Attacks
Criminals phone staff as they work at home, then tell them to log on to phishing websites that look like corporate portals.
FBI Warns SIM Swapping Has Undermined Multi-Factor Authentication
The US Federal Bureau of Investigation wants businesses to consider using stronger authentication methods like biometrics.
Victim Describes $100k SIM Port Attack
Sean Coonce explained how his cryptocurrency account was emptied after his mobile phone account was taken over.
Reddit Data Hack Blamed on SMS 2FA
User data for the world’s sixth most popular website was compromised by hackers who intercepted SMS messages sent to employees.
How Will the eSim Impact Fraud Management?
Embedded SIMs will counter some traditional fraud threats whilst creating new kinds of opportunities for ingenious hackers.
Password-geddon Is Near
More security experts are saying we need to stop relying on passwords for security, and their arguments have been bolstered by a stream of security failures.