Friday, December 8, 2023

First SIM Swapping Hacker Convicted, Gets 10 Years in Prison

A 20-year-old college student Joel Ortiz to face 10 years in prison for stealing $5 Million in cryptocurrency through SIM hijacking attacks and he is the first person to get convicted.

According to Motherboard he Hijacked more than 40 victims and swapped their phone numbers to the SIM card owned by hackers.

SIM-swapping or SIM Hijacking is the technique used by criminals to register an already existing number on a new SIM card, by having control over the phone number attackers can bypass 2FA authentication and reset the passwords to gain access to the victim’s accounts.

Ortiz accepted the plea last week and the authorities believe he is the first person convicted for SIM swapping fraud.

Authorities arrested Ortiz last year for hijacking phone numbers and using them to then hack into emails, social media accounts, and online Bitcoin wallets.

“We think justice has been served. And hopefully, this is a strong message to that community,” Samy Tarazi on of the investigator in the Ortiz case to Motherboard.

Nicholas Truglia also arrested last year for stealing $1 million through SIM-swapping scheme and he is pending for extradition to Santa Clara.

Last January a Mumbai businessman lost Rs. 1.86cr from his bank account, attackers obtained the unique SIM number and have initiated the SIM swap.

The SIM swapping attacks are in raise and anybody can fall prey to it.

You can follow us on LinkedinTwitterFacebook for daily Cybersecurity updates also you can take the Best Cybersecurity courses online to keep your self-updated.

Hacker Group Stolen $5 Million Through SIM Swapping Hacks

SIM Swapping Hacker Group Who Managed to Steal $80,000 Worth of Cryptocurrency Got Arrested

Website

Latest articles

Exploitation Methods Used by PlugX Malware Revealed by Splunk Research

PlugX malware is sophisticated in evasion, as it uses the following techniques to avoid...

TA422 Hackers Attack Organizations Using Outlook & WinRAR Vulnerabilities

Hackers exploit Outlook and WinRAR vulnerabilities because these widely used software programs are lucrative...

Bluetooth keystroke-injection Flaw: A Threat to Apple, Linux & Android Devices

An unauthenticated Bluetooth keystroke-injection vulnerability that affects Android, macOS, and iOS devices has been...

Atlassian Patches RCE Flaw that Affected Multiple Products

Atlassian has been discovered with four new vulnerabilities associated with Remote Code Execution in...

Reflectiz Introduces AI-powered Insights on Top of Its Smart Alerting System

Reflectiz, a cybersecurity company specializing in continuous web threat management, proudly introduces a new...

SLAM Attack Gets Root Password Hash in 30 Seconds

Spectre is a class of speculative execution vulnerabilities in microprocessors that can allow threat...

Akira Ransomware Exploiting Zero-day Flaws For Organization Network Access

The Akira ransomware group, which first appeared in March 2023, has been identified as...

Endpoint Strategies for 2024 and beyond

Converge and Defend

What's the pulse of Unified Endpoint Management and Security (UEMS) in Europe? Join us live to uncover the strategies that are defining endpoint security in the region.

Related Articles