c/cybersecurity · by IllNess@infosec.pub · 2y

Former telecom manager admits to doing SIM swaps for $1,000

https://www.bleepingcomputer.com/news/security/former-telecom-manager-admits-to-doing-sim-swaps-for-1-000/

39 points · 3 comments · view on lemmy.world

3 Comments

SquiffSquiff@lemmy.sdf.org · 16 pts · 2y (2 replies)

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

adespoton@lemmy.ca · 8 pts · 2y (1 reply)

And he’s just the one who got caught.

IllNess@infosec.pub · 9 pts · 2y

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.