Security News
A 22-year-old British national allegedly linked to the Scattered Spider hacking group and responsible for attacks on 45 U.S. companies has been arrested in Palma de Mallorca, Spain. Though the authorities have not yet shared details about the threat group the suspect is associated with, VX-Underground alleges without substantiating that he is "Tyler," a SIM swapping specialist from the notorious Scattered Spider group.
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Criminals are now texting T-Mobile and Verizon employees on their personal and work phones, trying to tempt them with cash to perform SIM swaps. The targeted employees have shared screenshots of messages offering $300 to those willing to aid the senders in their criminal endeavors.
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A former manager at a telecommunications company in New Jersey pleaded guilty to conspiracy charges for accepting money to perform unauthorized SIM swaps that enabled an accomplice to hack customer accounts. SIM swapping is an unauthorized porting of a targeted person's phone number to another physical SIM card or eSIM chip controlled by the attacker.
SIM swappers have adapted their attacks to steal a target's phone number by porting it into a new eSIM card, a rewritable SIM chip present on many recent smartphone models. Russian cybersecurity firm F.A.C.C.T. reports that SIM swappers in the country and worldwide have been taking advantage of this shift to eSIMs to hijack phone numbers and bypass protections to access bank accounts.
The trio's biggest haul was the theft of more than $400 million in cryptocurrency from an unnamed "Victim Company-1" on November 11, 2022 - the same day that FTX declared bankruptcy and an unknown attacker stole roughly $415m in crypto from the firm. While SBF might be off the hook for this element of his mismanagement of FTX, that won't help him to walk free as was convicted on seven charges in October 2023 and faces up to 110 years in prison when sentenced next month.
The U.S. Securities and Exchange Commission confirmed today that its X account was hacked through a SIM-swapping attack on the cell phone number associated with the account. Today, the SEC has confirmed that a cell phone account associated with the X account suffered a SIM-swapping attack.
Amir Hossein Golshan, 25, was sentenced to eight years in prison by a Los Angeles District Court and ordered to pay $1.2 million in restitution for crimes involving SIM swapping, merchant fraud, support fraud, account hacking, and cryptocurrency theft. Golshan pleaded guilty on July 19, 2023, for hijacking the Instagram account of a prominent social media influencer.