Former telecom manager admits to doing SIM swaps for $1,000

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Former telecom manager admits to doing SIM swaps for $1,000

https://www.bleepingcomputer.com/news/security/former-telecom-manager-admits-to-doing-sim-swaps-for-1-000/Open link View original on infosec.pub

Comments3

3 replies

SquiffSquiff

lemmy.sdf.org

For carrying the unauthorized number porting, Katz received $1,000 in Bitcoin per SIM swap (total of $5,000), plus an (unspecified) percentage of the profits earned from the illicit access to the victims' devices.

For his actions, Katz faces a statutory maximum of five years in prison and a fine of up to $250,000 or twice the financial gain or loss from the crime

Em Adespoton reply

lemmy.ca

And he’s just the one who got caught.

IllNess reply

infosec.pub

The FBI received 1,600 complaints about SIM-swapping in 2021, a sharp increase from the three previous years.

Source: Wikipedia

This guy was only guilty for 5.

Most incidents seem to be from social engineering tech support though. No manager needed.