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

Comments

• SquiffSquiff@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago

  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

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  • adespoton@lemmy.ca ⁨1⁩ ⁨year⁩ ago

    And he’s just the one who got caught.

    source

    • IllNess@infosec.pub ⁨1⁩ ⁨year⁩ ago

      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.

      source