Security News > 2018 > August > AT&T Sued Over $24 Million Cryptocurrency SIM Hijack Attacks

Michael Terpin Alleges Carrier Failed to Protect His Phone NumberA cryptocurrency investor is suing AT&T for $240 million, alleging he lost $24 million in virtual currency after the carrier failed to stop two separate attacks where his phone number was commandeered by attackers. The incident highlights the dangers of using a phone number as an authentication channel.

News URL

https://www.inforisktoday.com/att-sued-over-24-million-cryptocurrency-sim-hijack-attacks-a-11365