Hackers, phone carriers charged for SIM-hacking scam

Monday, 13 May 2019, 04:05 Hrs
30
cmt right
40
Comment Right
39
cmt right
14
cmt right
Printer Print Email Email
Hackers, phone carriers charged for SIM-hacking scam


In an alleged SIM-hacking scam in the US, a group of nine people have been charged for stealing cryptocurrencies from people and earning a total of $2.4 million by bribing or tricking mobile phone carriers into transferring a phone number into a new SIM card.

In an unsealed indictment, prosecutors in the US Attorney's Office for the Eastern District of Michigan claimed that six of the people, living across the US and Ireland, were members of a group called "The Community", The Verge reported on Saturday.

Usually, such cyber-fraud cases involve taking control of a victim's cryptocurrency wallet, giving a hacker access to the funds and "The Community" allegedly used this technique seven times to steal cryptocurrency.

In a separate complaint, prosecutors have also charged three undisclosed mobile phone company operators with accepting bribes as part of the crime, the report said.

With access to the phone numbers, scammers were able to bypass security measures like two-factor authentication, that gave them control over the linked accounts of the victims. 

The alleged hackers face several fraud and identity theft charges, while the phone company employees have been charged with wire fraud and each could face decades in prison if convicted, the report noted. 



Read more news:

The Review Corner - SOTY 2 - One-Time Watchable



Source: IANS
SPOTLIGHT
Finance
India's tea exports increased by 11.5 per cent to 17.93 million kgs in April this year aga..
Entertainment
Actor Dhanush, whose last Hindi release was R. Balkis "Shamitabh", may be working in another H..
Gadgets
Yamaha Music India has launched its first Indian keyboard PSR I500 under the 'Make in India' initi..
Career
Les Roches Global Hospitality Education, a multi-national hospitality management institute, a..
Travel
Imagine life being a romantic Bollywood song of the 90's. All those exotic frames punched into one..
Enterprise IT
Taking on streaming giants like Netflix and Hulu, Walt Disney Co. has announced it will ..
Technology
To ensure uninterrupted functioning of the app in areas of low networks, Facebook-owned..
Business
Automobile major MG Motors India on Wednesday said that it plans to manufacture electric vehicle E..
Startup City
With cities growing rapidly and infrastructure not keeping pace, the daunting work com..