Security News > 2018 > August > AT&T Sued Over $24M Cryptocurrency SIM Hijack Attacks
2018-08-16 11:03
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-24m-cryptocurrency-sim-hijack-attacks-a-11365