Security News > 2018 > August > AT&T Sued Over $24M 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.

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