Smartphones and other mobile devices have made it easier for people to access and manage their funds and digital assets. However, new privacy concerns and security challenges arose with the increased over-reliance on smartphones for digital asset management. Bad actors have found new ways to infiltrate digital systems and commit fraud, damaging users financially. The SIM swap attack…
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Briefly, the Department of Justice has brought charges against three individuals in connection with a SIM-swapping heist that took more than $400 million from the FTX exchange in November 2022. The SIM trade assault included collecting individual information of around 50 casualties to catch validation codes and access monetary records. In 2022, the FBI documented…
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