Tuesday, March 19, 2024

Two Massachusetts Men Arrested for Conducting SIM-swapping Attack To Steal Cryptocurrency & Social Media Login

Two Massachusetts men arrested today for Conducting Nationwide SIM-swapping attack to gain login credentials of victims by resetting their login credentials.

Once they got login credentials they gain control over the account and in some cases, they even steal the cryptocurrencies.

SIM swapping or SIM Hijacking is a targeted attack conducted 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.

Two defendants Eric Meiggs, 21, of Brockton, Massachusetts, and Declan Harrington, 20, of Rockport, Massachusetts were charged 11 counts indictment. Eight counts for wire fraud, one count for abuse fraud, one count for computer fraud and one count for identity theft.

Meiggs and Harrington particularly targeted the executives of cryptocurrency companies and the social media accounts of those who have high value or the name contain OG(“Original Gangster”).

According to the indictment, cybercriminals convince a victim’s SIM card provider to reassign the victim’s cell phone number to a different SIM card that controlled by cybercriminals.

The two cybercriminals found to be targeted more than 10 victims and they attempted to steal more than $550,000 in the form of cryptocurrencies. Eric Meiggs gained control over several social media profiles with OG.

“The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law,” reads the statement.

This is not the first time sim-swapping hackers are arrested, earlier a 21-year-old man, Nicholas Truglia, charged for hacking into the phones of Silicon Valley executive phones to steal their cryptocurrency and a SIM Swapping Hacker Group who steals $80,000 worth of cryptocurrency got arrested by Turkish police.

You can follow us on Linkedin, Twitter, Facebook for daily Cybersecurity and hacking news updates.

Website

Latest articles

Beware Of Free wedding Invite WhatsApp Scam That Steal Sensitive Data

The ongoing "free wedding invite" scam is one of several innovative campaigns aimed at...

Hackers Using Weaponized SVG Files in Cyber Attacks

Cybercriminals have repurposed Scalable Vector Graphics (SVG) files to deliver malware, a technique that...

New Acoustic Keyboard Side Channel Attack Let Attackers Steal Sensitive Data

In recent years, personal data security has surged in importance due to digital device...

Discontinued WordPress Plugin Flaw Exposes Websites to Cyber Attacks

A critical vulnerability was discovered in two plugins developed by miniOrange.The affected plugins,...

ShadowSyndicate Hackers Exploiting Aiohttp Vulnerability To Access Sensitive Data

A new Aiohttp vulnerability has been discovered, which the threat actor ShadowSyndicate exploits.Aiohttp...

Hackers Launching AI-Powered Cyber Attacks to Steal Billions

INTERPOL's latest assessment on global financial fraud uncovers the sophisticated evolution of cybercrime, fueled...

Fujitsu Hacked – Attackers Infected The Company Computers with Malware

Fujitsu Limited announced the discovery of malware on several of its operational computers, raising...
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.

Mitigating Vulnerability Types & 0-day Threats

Mitigating Vulnerability & 0-day Threats

Alert Fatigue that helps no one as security teams need to triage 100s of vulnerabilities.

  • The problem of vulnerability fatigue today
  • Difference between CVSS-specific vulnerability vs risk-based vulnerability
  • Evaluating vulnerabilities based on the business impact/risk
  • Automation to reduce alert fatigue and enhance security posture significantly

Related Articles