Archive for the ‘SIM Swapping’ Category

U.S. Charges 9 ‘SIM Swapping’ Attackers For Stealing $2.5 Million

May 10th, 2019
The U.S. Department of Justice today announced charges against nine individuals, 6 of which are members of a hacking group called "The Community" and other 3 are former employees of mobile phone providers who allegedly helped them steal roughly $2.5 million worth of the cryptocurrency using a method known as "SIM Swapping." According to the 15-count indictment unsealed today, five Americans

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Prosecutors: two men used SIM swapping to extort cryptocurrency

February 5th, 2019
Prosecutors: two men used SIM swapping to extort cryptocurrency

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In an indictment unsealed Monday, two men were accused by federal prosecutors of SIM swapping, an activity by which they allegedly committed "device fraud, extortion, and aggravated identity theft."

The SIM swapping technique allows a person to fool a mobile carrier into transferring someone else’s number to them—thus enabling possible account hijacking or other password resets that rely on the phone number itself as an authentication device.

In a press release issued Monday evening by the United States Attorney’s Office in San Francisco, Ahmad Wagaafe Hared and Matthew Gene Ditman were "engaged in a scheme to obtain by fraud and extortion cryptocurrencies and other money and property owned and controlled by executives of cryptocurrency-related companies and cryptocurrency investors."

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Man who stole $5M in cryptocurrency via SIM swap pleads guilty

February 4th, 2019
Man who stole $5M in cryptocurrency via SIM swap pleads guilty

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A 20-year-old Massachusetts man who recently accepted a plea deal with prosecutors in Santa Clara County, California is believed to be the first person in the US to be convicted of SIM swapping.

The SIM swapping technique allows a person to fool a mobile carrier into transferring someone else’s number to them—thus enabling possible account hijacking or other password resets that rely on the phone number itself as an authentication device. According to Vice Motherboard, which first reported the case, accused SIM swapper Joel Ortiz recently accepted a plea deal of 10 years—but it is not immediately clear which counts he pled to.

Last year, Ortiz faced a 28-count indictment outlining alleged violations involving a slew of computer crimes and violations of personal identifying information law. In a police report provided to Ars, Ortiz victimized at least 22 people nationwide, including one man named Seth Shapiro, who lost $1.7 million in cryptocurrency. Ortiz is believed to have stolen a total of around $5 million in total using this technique.

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First Hacker Convicted of ‘SIM Swapping’ Attack Gets 10 Years in Prison

February 4th, 2019
A 20-year-old college student who stole cryptocurrency worth more than $5 million by hijacking victims' phone numbers has pleaded guilty and accepted a sentence of 10 years in prison. Ortiz was arrested last year on charges of siphoning millions of dollars in cryptocurrency from around 40 victims using a method commonly known as "SIM swapping," which typically involves fraudulently porting of

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