NY Man Pleads Guilty in $20 Million SIM Swap Theft
Krebs on Security
DECEMBER 16, 2021
Unauthorized SIM swaps often are perpetrated by fraudsters who have already stolen or phished a target’s password, as many financial institutions and online services rely on text messages to send users a one-time code for multi-factor authentication. Reached for comment, Terpin said his assailant got off easy.
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