Victims Sue AT&T, T-Mobile Over ‘SIM Swap’ Crypto Hacks
Silver Miller. The US-based cryptocurrency-based law firm said it has filed arbitration claims against AT & T and T-Mobile on behalf of the victims of "SIM swapping" cell phone hacking.
The company claims to take court action on behalf of customers who have lost money to criminals who access criminal passwords and two-factor authentication codes using more and more common mobile device penetration methods.
"Without a hole in the security protocol and a lack of staff training and monitoring, the cell phone provider remotely retrieved the SIM card from people's smartphones, helping to access financial records and account information, and freeing the victim's account. And other valuable assets. "
Silver Miller said in a press release Friday that a customer, AT & T customer, had a $ 621 million password cracking stolen from a SIM swap attack. The company claims that a violation occurred after AT & T confirmed that it had "tightened security on the account as it attempted to hack it earlier."
Tel Millcom has filed a lawsuit against T-Mobile, claiming that two customers have swapped $ 400,000 and $ 250,000, respectively, through a SIM swap allowed by the phone company.
Services exist for legitimate reasons, such as SIM card corruption or exchanges, but a SIM exchange can allow a criminal to have full access to all calls, messages, and notifications by preparing a carrier to reassign your account to another SIM.
Silver Miller said it had everything it needed to put swaps into "persuasive doubts about support, telecom representative, victim's electronic camouflage".
According to a recent report by Krebs on Security, California's REACT Task Force indicates that SIM swapping is rapidly increasing as a popular hacker tool.
Samy Tarazi, a judge in the Santa Clara County Sheriff's Office, quoted:
"The stolen money and the number of successful people are historically telling us that children between the ages of 19 and 22 can steal millions of dollars in cryptochrome," he said.
SIM card image via Shutterstock
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