Tech

How SIM swapping led to a $1.8M cyber fraud case

Article Summary

A San Fernando Valley, California, man has been sentenced to over five years in federal prison after orchestrating a massive fraud operation that targeted dozens of victims, many of them elderly. Oren David Sela, 36, stole mail, hijacked phone numbers through SIM swapping, and used victims’ identities to drain bank accounts, stealing over $1.8 million.

What This Means for You

  • Be aware of SIM swapping scams and how they can lead to financial fraud.
  • Take precautions to secure your personal information and mobile number.
  • Regularly monitor your financial accounts for suspicious activity.
  • Learn about two-factor authentication and how to make it more secure.
  • Stay informed about the latest scams and security measures in place to protect you.

Original Post

A SIM card.

A SIM card.

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Key Terms

  • SIM swapping
  • Two-factor authentication
  • Fraud operation
  • Identity theft
  • Financial accounts



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