Security News > 2018 > August > AT&T sued for enabling SIM swap fraud
2018-08-16 18:16
A cryptocurrency investor is suing AT&T because criminals were able to empty his accounts through SIM swap fraud (aka account port out fraud), even though he had already asked for additional protections to be set up on his AT&T account. He is asking the US District Court for the Central District of California to find in his favor and award him $24 million of compensatory damages and over $200 million of punitive damages. “Given all … More → The post AT&T sued for enabling SIM swap fraud appeared first on Help Net Security.
News URL
http://feedproxy.google.com/~r/HelpNetSecurity/~3/lJyS2L2989Y/
Related news
- Former telecom manager admits to doing SIM swaps for $1,000 (source)
- SIM swap crooks solicit T-Mobile US, Verizon staff via text to do their dirty work (source)
- T-Mobile, Verizon workers get texts offering $300 for SIM swaps (source)
- Ransomware crooks now SIM swap executives' kids to pressure their parents (source)