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    16 Dec, 2021
    NY Man Pleads Guilty in $20 Million SIM Swap Theft
    Cybersecurity , , , , , , , ,

    A 24-year-old New York man who bragged about helping to steal more than $20 million worth of cryptocurrency from a technology executive has pleaded guilty to conspiracy to commit wire fraud. Nicholas Truglia was part of a group alleged to have stolen more than $100 million from cryptocurrency investors using fraudulent “SIM swaps,” scams in which identity thieves hijack a target’s mobile phone number and use that to wrest control over the victim’s online identities. …

    Read MoreNY Man Pleads Guilty in $20 Million SIM Swap Theft

    9 Jan, 2020
    Lawmakers Prod FCC to Act on SIM Swapping
    Cybersecurity , , , , , , , , , , ,

    Crooks have stolen tens of millions of dollars and other valuable commodities from thousands of consumers via “SIM swapping,” a particularly invasive form of fraud that involves tricking a target’s mobile carrier into transferring someone’s wireless service to a device they control. But the U.S. Federal Communications Commission (FCC), the entity responsible for overseeing wireless industry practices, has so far remained largely silent on the matter. Now, a cadre of Senate lawmakers is demanding to know what, if anything, the agency might be doing to track and combat SIM swapping. …

    Read MoreLawmakers Prod FCC to Act on SIM Swapping