A mobile phone store owner stole T-Mobile employee credentials to "unlock" phones for resale, earning him millions in illicit profits.
Phishing emails and social engineering scams were all it took for mobile phone store owner Argishti Khudaverdyan to breach the mobile provisioning systems of T-Mobile, AT&T, and Sprint to "unlock" phones from their network constraints — earning him more than $25 million in the process.
Now Khudaverdyan has been convicted and sentenced to 10 years in federal prison for wire fraud, money laundering, and identity theft, among other counts.
In all, Khudaverdyan stole the credentials of more than 50 T-Mobile employees across the US, allowing him to unblock hundreds of thousands of phones, according to the Department of Justice.
"From August 2014 to June 2019, Khudaverdyan fraudulently unlocked and unblocked cellphones on T-Mobile's network, as well as the networks of Sprint, AT&T, and other carriers," the DOJ explained. "Removing the unlock allowed the phones to be sold on the black market and enabled T-Mobile customers to stop using T-Mobile’s services and thereby deprive T-Mobile of revenue generated from customers’ service contracts and equipment installment plans."
About the Author(s)
You May Also Like
Guarding the Cloud: Top 5 Cloud Security Hacks and How You Can Avoid Them
April 4, 2024Cybersecurity Strategies for Small and Med Sized Businesses
April 11, 2024Defending Against Today's Threat Landscape with MDR
April 18, 2024Securing Code in the Age of AI
April 24, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024Black Hat Asia - April 16-19 - Learn More
April 16, 2024