Former telecom manager admits to doing SIM swaps for $1,000 - eviltoast
A former manager at a telecommunications company in New Jersey pleaded guilty to conspiracy charges for accepting money to perform unauthorized SIM swaps that enabled an accomplice to hack customer accounts.
  • SquiffSquiff@lemmy.sdf.orgEnglish
    16·
    8 months ago

    For carrying the unauthorized number porting, Katz received $1,000 in Bitcoin per SIM swap (total of $5,000), plus an (unspecified) percentage of the profits earned from the illicit access to the victims’ devices.

    For his actions, Katz faces a statutory maximum of five years in prison and a fine of up to $250,000 or twice the financial gain or loss from the crime

      • IllNess@infosec.pubOPEnglish
        9·
        8 months ago

        The FBI received 1,600 complaints about SIM-swapping in 2021, a sharp increase from the three previous years.

        Source: Wikipedia

        This guy was only guilty for 5.

        Most incidents seem to be from social engineering tech support though. No manager needed.