Arrests in $400M SIM-Swap Tied to Heist at FTX?

Three Americans were charged this week with stealing more than $400 million in a November 2022 SIM-swapping attack. The U.S. government did not name the victim organization, but there is every indication that the money was stolen from the now-defunct cryptocurrency...

Fla. Man Charged in SIM-Swapping Spree is Key Suspect in Hacker Groups Oktapus, Scattered Spider

On Jan. 9, 2024, U.S. authorities arrested a 19-year-old Florida man charged with wire fraud, aggravated identity theft, and conspiring with others to use SIM-swapping to steal cryptocurrency. Sources close to the investigation tell KrebsOnSecurity the accused was a...

FCC Tightens Telco Rules to Combat SIM-Swapping – Source: www.securityweek.com

Source: www.securityweek.com – Author: Ryan Naraine Moving to clamp down on the growing scourge of SIM-swapping and port-out fraud, the Federal Communications Commission (FCC) has unveiled new rules mandating telcos to give consumers greater control of their mobile...

Florida SIM Swapper Sentenced to Prison for Cryptocurrency Theft – Source: www.securityweek.com

Source: www.securityweek.com – Author: Ionut Arghire A Florida man was sentenced to prison last week for his role in a hacking scheme that resulted in the theft of approximately $1 million in cryptocurrency. The 20–year-old Orlando man, identified as Jordan Dave...

MGM Resorts Says Ransomware Hack Cost $110 Million – Source: www.securityweek.com

Source: www.securityweek.com – Author: Ryan Naraine Hospitality and entertainment giant MGM Resorts said costs from last month’s debilitating ransomware infection has exceeded $110 million, including $10 million in one-time consulting clean-up fees. In an SEC 8-K...