Monday, June 17, 2024

Hacker Group Stolen $5 Million Through SIM Swapping Hacks

A 20-year-old college student Joel Ortiz from Boston arrested by police on July 12 for being a part of the hacker group who hacked a number of cellphone numbers using SIM swapping technique and stolen more than $5 million in cryptocurrencies.

The hacker group targets users associated with cryptocurrency and blockchains, by tricking the telecommunication providers they swap the target Phone number to the SIM controlled by the attackers. By having the control over the phone number the hacker group reset the login credentials and get access to the victim’s account.

SIM swapping or SIM Hijacking is the technique used by criminals to register an already existing number on a new SIM card, so they can intercept the OTPs and can reset the login credentials.

According to Motherboard report, Ortiz was arrested in Los Angeles International Airport on his way to Europe and he is to face charges on 28 sections “13 counts of identity theft, 13 counts of hacking, and two counts of grand theft.”

Between February and March Ortiz targeted a blockchain projects investor, hijacked his cellphone number, reset password for Gmail account and cryptocurrency accounts of the investor. Investigator’s contact AT&T to find the devices IMEI numbers of the devices that used the investor’s number.

Once they have the IMEI numbers the investigators have sent the warrant to Google which discloses the email address connected with the device and then investigator’s blocked the cryptocurrency exchanges used by Ortiz. Full investigation report can found in Motherboard.

The SIM swapping attacks are in raise and anybody can fall prey to it. Last month Powai-based women fall’s victim for SIM Swap fraud and loses Rs 1 lakh.

Common Bank Fraud Techniques to steal your Information

Vishing

Vishing also knows as Voice Phishing, a social engineering technique used by attackers over the telephone system to gain financial details, by using this method attackers steal payment card details.

Phishing

Commonly carried out via e-mail spoofing and instant messaging, attackers present a fake page posing to be a trusted source and steal your banking credentials.

Smishing

Smishing also knows as SMS phishing that involves in text messaging, the tactics used by attackers to leverage the payment card details and credentials.

Banking Malware

Banking malware is pushed through Social engineering, Phishing and spam emails and security vulnerabilities. They are designed to Steal Money, personal and financial information. Some of the well-known banking malware are Zeus, Spyeye, and Zitmo.

Also Read

US-CERT Alerts Powerful Emotet Banking Malware Attack on Government, Private and Public Sectors

New Variant of Dangerous Kronos Banking Malware Spreading via Malicious Word Documents

Beware of Fake Banking Malware Apps in Google Play That Steals Credit Card Details and Internet Banking Credentials

Website

Latest articles

Sleepy Pickle Exploit Let Attackers Exploit ML Models And Attack End-Users

Hackers are targeting, attacking, and exploiting ML models. They want to hack into these...

SolarWinds Serv-U Vulnerability Let Attackers Access sensitive files

SolarWinds released a security advisory for addressing a Directory Traversal vulnerability which allows a...

Smishing Triad Hackers Attacking Online Banking, E-Commerce AND Payment Systems Customers

Hackers often attack online banking platforms, e-commerce portals, and payment systems for illicit purposes.Resecurity...

Threat Actor Claiming Leak Of 5 Million Ecuador’s Citizen Database

A threat actor has claimed responsibility for leaking the personal data of 5 million...

Ascension Hack Caused By an Employee Who Downloaded a Malicious File

Ascension, a leading healthcare provider, has made significant strides in its investigation and recovery...

AWS Announced Malware Detection Tool For S3 Buckets

Amazon Web Services (AWS) has announced the general availability of Amazon GuardDuty Malware Protection...

Hackers Exploiting MS Office Editor Vulnerability to Deploy Keylogger

Researchers have identified a sophisticated cyberattack orchestrated by the notorious Kimsuky threat group.The...
Guru baran
Guru baranhttps://gbhackers.com
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Free Webinar

API Vulnerability Scanning

71% of the internet traffic comes from APIs so APIs have become soft targets for hackers.Securing APIs is a simple workflow provided you find API specific vulnerabilities and protect them.In the upcoming webinar, join Vivek Gopalan, VP of Products at Indusface as he takes you through the fundamentals of API vulnerability scanning..
Key takeaways include:

  • Scan API endpoints for OWASP API Top 10 vulnerabilities
  • Perform API penetration testing for business logic vulnerabilities
  • Prioritize the most critical vulnerabilities with AcuRisQ
  • Workflow automation for this entire process

Related Articles