Security News > 2019 > May > Nine Charged in Alleged SIM Swapping Ring

Eight Americans and an Irishman have been charged with wire fraud this week for allegedly hijacking mobile phones through SIM-swapping, a form of fraud in which scammers bribe or trick employees at mobile phone stores into seizing control of the target's phone number and diverting all texts and phone calls to the attacker's mobile device. From there, the attackers simply start requesting password reset links via text message for a variety of accounts tied to the hijacked phone number. All told, the government said this gang -- allegedly known to its members as "The Community" -- made more than $2.4 million stealing cryptocurrencies and extorting people for restoring access to social media accounts that were hijacked after a successful SIM-swap.

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https://krebsonsecurity.com/2019/05/nine-charged-in-alleged-sim-swapping-ring/