Sim Card Cloning | Breaking Cybersecurity News | The Hacker News

The U.S. Department of Justice today announced charges against nine individuals, 6 of which are members of a hacking group called "The Community" and other 3 are former employees of mobile phone providers who allegedly helped them steal roughly $2.5 million worth of the cryptocurrency using a method known as "SIM Swapping." According to the 15-count indictment unsealed today, five Americans and an Irishman related to The Community hacking group are charged with conspiracy to commit wire fraud, as well as wire fraud and aggravated identity theft. Another three Americans, who reportedly are the former employees of mobile phone providers, are charged in a criminal complaint with the wire fraud. SIM Swapping , or SIM Hijacking , is a type of identity theft that typically involves fraudulently porting of the same number to a new SIM card belonging to the attacker. In SIM swapping, attackers social engineer a victim's mobile phone provider by convincing it

A 20-year-old college student who stole cryptocurrency worth more than $5 million by hijacking victims' phone numbers has pleaded guilty and accepted a sentence of 10 years in prison. Ortiz was arrested last year on charges of siphoning millions of dollars in cryptocurrency from around 40 victims using a method commonly known as " SIM swapping ," which typically involves fraudulently porting of the same number to a new SIM card belonging to the attacker. In SIM swapping, attackers social engineer a victim's mobile phone provider by making a phony call posing as their target and claiming that their SIM card has been lost and that they would like to request a SIM swap. The attackers attempt to convince the target's telecommunications company that they are the actual owner of the phone number they want to swap by providing required personal information on the target, like their SSNs and addresses, eventually tricking the telecoms to port the target's pho

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SIM cards are among the most widely-deployed computing platforms with over 7 billion cards in active use. Cracking SIM cards has long been the Holy Grail of hackers because the tiny devices are located in phones and allow operators to identify and authenticate subscribers as they use networks. A German cryptographer Karsten Nohl, the founder of Security Research Labs claims to have found encryption and software flaws that could affect millions of SIM cards, and allows hackers to remotely gain control of and also clone certain mobile SIM cards. This is the first hack of its kind in a decade. Nohl will be presenting his findings at the Black Hat security conference this year. He and his team tested close to 1,000 SIM cards for vulnerabilities, exploited by simply sending a hidden SMS. According to him, Hackers could use compromised SIMs to commit financial crimes or engage in espionage. Once a hacker copies a SIM, it can be used to make calls and send text messages impersona