Security News

3649 readers

1 users here now

founded 2 years ago

MODERATORS

jerry

141

Former telecom manager admits to doing SIM swaps for $1,000 (www.bleepingcomputer.com)

submitted 2 years ago by IllNess to c/securitynews

14 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] __ghost__@lemmy.ml 21 points 2 years ago* (last edited 2 years ago) (3 children)

However, the former IT manager, Jonathan Katz, abused his managerial position and highly privileged account at a mobile telecommunications store to overcome security measures and perform unauthorized number ports.

As someone who worked in mobile phone sales: there are tons of people making 30k/yr that have the same "highly privileged account" this guy did. He seems to be on the IT side which would make it easier to track. Retail employees do this all the time and usually for less money. People come in with a fake ID and someone's social and they walk out with a new phone activated with their phone number. An example is being made out of him, but I guarantee this issue is more systemic

If someone is willing to potentially trade their employment for $5k, the pay is probably low and the turnover is high. Aiding in identity theft is wrong, but five years in prison seems overkill

[–] IllNess 10 points 2 years ago

For carrying the unauthorized number porting, Katz received $1,000 in Bitcoin per SIM swap (total of $5,000), plus an (unspecified) percentage of the profits earned from the illicit access to the victims' devices.

The amount he made is $5,000 minumum.

I think 1 year for every instance is fair. This could really ruin someone. At least stolen credit cards have protection. Stealing someone's crypto wallet could mean that money is gone for good.

load more comments (2 replies)