T-Mobile Admits Lapsus$ Hackers Gained Access to its Internal Tools and Source Code

Telecom company T-Mobile on Friday confirmed that it was the victim of a security breach in March after the LAPSUS$ mercenary gang managed to gain access to its networks. The acknowledgment came after investigative journalist Brian Krebs shared internal chats belonging to the core members of the...

Spanish Police Arrest SIM Swappers Who Stole Money from Victims Bank Accounts

Spain's National Police Agency, the Policía Nacional, said last week it dismantled an unnamed cybercriminal organization and arrested eight individuals in connection with a series of SIM swapping attacks that were carried out with the goal of financial fraud. The suspects of the crime ring...

Sharp SIM-Swapping Spike Causes $68M in Losses

SIM-swapping – the practice of duping mobile carriers into switching a target’s phone services to an attacker-controlled phone – is on the rise, the Feds are warning – leading to millions in losses for consumers who found their bank accounts drained and other accounts taken over. Subscriber...

T-Mobile’s latest data breach exposed users to SIM swapping attacks

By Waqas T-Mobile is the only telecom giant to suffer at least three known data breaches in 2021. This is a post from HackRead.com Read the original post: T-Mobiles latest data breach exposed users to SIM swapping attacks...

Hacker Jailed for Stealing Millions of Dollars in Cryptocurrencies by SIM Hijacking

A sixth member associated with an international hacking group known as The Community has been sentenced in connection with a multimillion-dollar SIM swapping conspiracy, the U.S. Department of Justice DoJ said. Garrett Endicott, 22, from the U.S. state of Missouri, who pleaded guilty to charges o...

Threat from Organized Cybercrime Syndicates Is Rising

From encrypting communications to fencing ill-gotten gains on underground sites, organized crime is cashing in on the digital revolution. The latest organized crime threat assessment from Europol issues a dire warning about the corrosive effect the rising influence of criminal syndicates is havin...

Twitter hacker charged in sim swapping, cryptocurrency scheme

By Waqas The 22-year-old British national Joseph James O’Connor, aka PlugwalkJoe, was one of the hackers behind 2020's massive Twitter hack. This is a post from HackRead.com Read the original post: Twitter hacker charged in sim swapping, cryptocurrency scheme...

New U.S. Government Initiative Holds Contractors Accountable for Cybersecurity

The U.S. government on Wednesday announced the formation of a new Civil Cyber-Fraud Initiative that aims to hold contractors accountable for failing to meet required cybersecurity requirements in order to safeguard public sector information and infrastructure. "For too long, companies have chosen...

The FCC moves to curb SIM swap attacks

The Federal Communications Commission FCC is going to set new rules to curb the rising threat of SIM swapping, also known as SIMjacking. SIM swapping and the very similar port-out fraud is the unlawful use of someones personal information to steal their phone number and swap or transfer it to...

FCC Proposal Targets SIM Swapping, Port-Out Fraud

The U.S. Federal Communications Commission FCC is asking for feedback on new proposed rules to crack down on SIM swapping and number port-out fraud, increasingly prevalent scams in which identity thieves hijack a targets mobile phone number and use that to wrest control over the victims online...

Europol nabs 106 criminals involved in SIM swapping, money laundering

By Waqas Europol said that the suspects carried out a number of cybercrimes included phishing, SIM Swapping, and BEC business email compromise. This is a post from HackRead.com Read the original post: Europol nabs 106 criminals involved in SIM swapping, money laundering...

Europol Breaks Open Extensive Mafia Cybercrime Ring

International law enforcement has busted up an extensive cybercrime operation run by a gang with ties to the Italian Mafia. The group allegedly used phishing attacks to defraud hundreds of victims. The suspects used various lures to convince victims mostly Italian nationals but also Spanish,...

Europol Busts Major Crime Ring, Arrests Over 100 Online Fraudsters

Law enforcement agencies in Italy and Spain have dismantled an organized crime group linked to the Italian Mafia that was involved in online fraud, money laundering, drug trafficking, and property crime, netting the gang about €10 million $11.7 million in illegal proceeds in just a year. "The...

Hacker pleads guilty to sim swapping, stealing cryptocurrency

By Deeba Ahmed A 21-year old hacker has admitted running a campaign over social media to hijack accounts of "high-value" account names and steal cryptocurrency. This is a post from HackRead.com Read the original post: Hacker pleads guilty to sim swapping, stealing cryptocurrency...

PlugwalkJoe Does the Perp Walk

Joseph "PlugwalkJoe" OConnor, in a photo from a paid press release on Sept. 02, 2020, pitching him as a trustworthy cryptocurrency expert and advisor. One day after last summers mass-hack of Twitter, KrebsOnSecurity wrote that 22-year-old British citizen Joseph "PlugwalkJoe" OConnor appeared to...

How far have we come? The evolution of securing identities

The security community is continuously changing, growing, and learning from each other to better position the world against cyber threats. In the latest Voice of the Community blog series post, Microsoft Product Marketing Manager Natalia Godyla talks with Troy Hunt, founder of Have I Been Pwned,...

Are You One of the 533M People Who Got Facebooked?

Neer-do-wells leaked personal data -- including phone numbers -- for some 553 million Facebook users this week. Facebook says the data was collected before 2020 when it changed things to prevent such information from being scraped from profiles. To my mind, this just reinforces the need to remove...

Finding the Cracks in the Wall - How Modern Scams Bypass MFA

In my previous blog, I discussed the important role multi-factor authentication MFA plays in further securing access to enterprise and consumer services. We also established the fact that although MFA increases authentication security and decreases the risk of account takeover, MFA can, and is,...

Gang arrested for SIM-swapping celebrities, stealing $100 million

The UKs National Crime Agency NCA—working alongside the US Secret Service, Homeland Security, the FBI, Europol, and the District Attorneys Office of Santa Clara California—spearheaded the arrest of eight British citizens in the UK and Scotland, aged between 18 to 26, for a string of SIM swapping...

Celeb SIM-Swap Crime Ring Stole $100M from U.S. Victims

A posse of alleged SIM-swapping cybercriminals has been rounded up across Europe by law-enforcement after the crooks finagled more than $100 million from U.S. celebrities and their families. Eight people in the U.K. were arrested in connection with the crime ring, in addition to individuals in...