Stole Million By hacking Sim Card

Nine people have been charged in an alleged conspiracy to Hacking SIM cards and steal cryptocurrency from unwitting victims. According to The Court Document, the Cryptocurrency was netted more than $2.4million(16,78,38,000.00 Indian Rupee).

Cryptocurrencies, also known as virtual currencies or digital currencies, are online media of exchange.  The most famous of these is Bitcoin.  Like traditional currency, they act as a store of value and can be exchanged for goods and services.  They can also be exchanged for dollars. 

According to justice gov website, United States Attorney(lawyer), Matthew J. Schneider said that From this nine People 6 People were member's of the hacking group called "The Community" and they were charged in a fifteen-count indictment unsealed today with conspiracy to commit wire fraud, wire fraud and aggravated identity theft. In addition, a criminal complaint was unsealed charging three former employees of mobile phone providers with wire fraud in relation to the conspiracy.

According to the indictment, the defendants are members of “The Community” and are alleged to have participated in thefts of victims’ identities in order to steal cryptocurrency via a method known as “SIM Hijacking”. Identity Theft Technique like "Sim Hijacking" or "Sim Swapping" exploits the common cyber-security weakness-mobile number. This technique enabled “The Community” to gain control of victims’ mobile phone number, resulting in the victims’ phone calls and short message service (“SMS”) messages being routed to devices controlled by “The Community”.  

 “SIM Hijacking” was often facilitated by bribing an employee of a mobile phone provider.  Other times, SIM Hijacking was accomplished by a member of “The Community” contacting a mobile phone provider’s customer service—posing as the victim—and requesting that the victim’s phone number be swapped to a SIM card (and thus a mobile device) controlled by “The Community”. once the group has control of a victim’s phone number, the phone number was leveraged as a gateway to gain control of online accounts such as a victim’s email, cloud storage, and cryptocurrency exchange accounts.  

The alleged hackers face fraud and identity theft charges, while the phone company employees have been charged with wire fraud. Each could face decades in prison if convicted.

So it is important to keep the mobile number secure, and please don't get carried away with the fake SMS and call and last but not least be safe and take care.

That's all, thank you for reading hope you like it if you like it then share it and follow my blog down below. And also follow My Facebook Page right here.