Crime: A hacking ring stole millions by hijacking SIM cards, feds say - - PressFrom - US

CrimeA hacking ring stole millions by hijacking SIM cards, feds say

17:35  11 may  2019
17:35  11 may  2019 Source:

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California authorities say a 20-year-old college student hijacked more than 40 phone numbers and stole million , including some from This is the first reported case against someone who allegedly used the increasingly popular technique known as SIM swapping or SIM hijacking to steal bitcoin

A college student who stole more than million in cryptocurrency by hijacking the phone numbers of around 40 victims pleaded guilty and accepted a Ortiz is one of a handful of SIM swappers who have been arrested in the last year for hijacking phone numbers and using them to then hack sim cards .

A hacking ring stole millions by hijacking SIM cards, feds say© Paul Zinken/picture alliance via Getty Images A man installs a SIM card in a cell phone. Nine people have been charged in an alleged conspiracy to hijack SIM cards and steal cryptocurrency from unwitting victims, prosecutors said this week. The scheme, according to court documents, netted more than $2.4 million.

In an unsealed indictment, prosecutors in the US Attorney’s Office for the Eastern District of Michigan allege that six of the people, living across the United States and Ireland, were members of a group called “The Community.” The hacking ring, prosecutors say, took part in a scam called SIM hijacking, in which, using either bribery or trickery, hackers convince mobile phone carriers to transfer a phone number to a new SIM card.

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What is SIM Hijacking ? How can you protect yourself from SIM Swapping? What is SIM Hijacking ? In order to steal a username, an account or credentials via SIM swapping. SIM swapping is all about tricking mobile networks into transferring the “target’s” phone number to a SIM card controlled by the

Feds say Detroit-based crime ring stole millions by using cloned credit cards to buy gift cards at Walmart stores. Schneider added: "Because Michigan is a national leader in identity theft, we are literally working day and night to break up these fraud rings and put the perpetrators where they

With access to the phone number, scammers can bypass security measures like two-factor authentication, giving them control over a victim’s accounts. Frequently, the scam involves taking control of a victim’s cryptocurrency wallet, giving a hacker access to the funds.

The Community allegedly used this technique seven times to steal cryptocurrency. In a separate complaint, prosecutors have charged three mobile phone company operators with accepting bribes as part of the crime.

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

SIM hijacking has become an increasingly popular scheme, and law enforcement is catching on. Earlier this year, a California man took a plea deal related to a hijacking scheme, becoming the first person to be sentenced to jail for using the technique.

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