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AT&T sued by cryptocurrency investor who was ripped off in "SIM swap fraud"

8 monthes ago   |   By Phone Arena

A few days ago, we told you how a nine-member gang stole hundreds of thousands of dollars in cash and cryptocurrencies by employing the ol' SIM swap routine. This is accomplished when a crook calls a carrier's customer service department and pretends to be a subscriber. The caller claims that his SIM card is damaged, or the one he has doesn't fit a new phone he bought. With the help of a paid off insider, a replacement SIM, tied to the victim's account, is sent to the bad guy. Once the SIM is inserted by the criminal into his phone, he now has complete control of the victim's apps. Even...
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$224 Million Lawsuit Filed Against AT&T Over SIM Swap Fraud

$224 Million Lawsuit Filed Against AT&T Over SIM Swap Fraud

8 monthes ago   |   By Android Headlines

A $224 million lawsuit has now been brought against AT&T by Michael Terpin alleging “SIM swap” fraud, the result of what happens when someone contacts a carrier with the intention of swapping the data associated with someone else's SIM card to one they control. This isn't an uncommon occurrence and has even been presented as an industry-wide problem by some carriers over the past several months. That's because, as highlighted by this latest allegation, a SIM swap situation can allow for easy access to any of the victim's other accounts, which happen to be authenticated via a phone number...
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