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Gang arrested for SIM-swapping celebrities, stealing $100 million

SIM swapping, also known as SIM jacking, is the act of illegally taking over a targets cell phone number. The attacks targeted thousands of people and netted some high-profile victims such as online influencers, sports stars, and musicians. SIM swapping can be used to circumvent two-factor authentication (2FA) that requires a manually-entered code, sent by SMS message. The gang went away with more than $100M USD worth of crypocurrency.”]

Source: https://blog.malwarebytes.com/social-engineering/2021/02/gang-arrested-for-sim-swapping-celebrities-stealing-100-million/

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