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US citizens lost more than $68M to SIM swap attacks in 2021, FBI warns

Security Affairs

FEBRUARY 10, 2022

In 2018, the FBI Internet Crime Complaint Center (IC3) received complaints for 1,611 SIM swapping attacks, while the number of complaints in the period between 2018 e 2002 was 320 causing a total of losses of $12 million. Use a variation of unique passwords to access online accounts. Be aware of any changes in SMS-based connectivity.

Authentication

Authentication Passwords Retail Education

Spanish police dismantled SIM swapping gang who stole money from victims’ bank accounts

Security Affairs

FEBRUARY 10, 2022

Once obtained the SIM cards, they were able to bypass SMS-based 2FA used to access bank accounts and steal the money. With this, they deceived the employees of phone stores to obtain duplicate SIM cards and, in this way, have access to the bank’s security confirmation messages. Be aware of any changes in SMS-based connectivity.

Authentication

Authentication Passwords Retail Access

US citizens lost more than $68M to SIM swap attacks in 2021, FBI warns

Spanish police dismantled SIM swapping gang who stole money from victims’ bank accounts

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