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March 14, 2020 10:11 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/RcBsl09xQ8s/how-one-man-lost-his-life-savings-in-a-sim-hack
How One Man Lost His Life Savings in a SIM Hack
Long-time Slashdot reader smooth wombat quotes CNN: Robert Ross was sitting in his San Francisco home office in October 2018 when he noticed the bars on his phone had disappeared and he had no cell coverage. A few hours later, he had lost $1 million⦠"I was at home at my desk and I noticed a notification on my iPhone for a withdrawal request from one of my financial institutions, and I thought, 'That's weird. I didn't make a withdrawal request,'" Ross recalled. "Then I looked back at my phone and I saw that I had no service...." Ross was the victim of a SIM hack, an attack that occurs when hackers take over a victim's phone number by transferring it to a SIM card they control. By taking over his cellphone number, a hacker was able to gain access to his email address and ultimately his life-savings, Ross said in an interview with CNN Business... An arrest was made in Ross' case, and the suspect has pleaded not guilty... He is suing AT&T for what he alleges was a failure by the company to protect his "sensitive and confidential account data" that resulted in "massive violations" of his privacy and "the theft of more than $1 million," according to the lawsuit.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/RcBsl09xQ8s/how-one-man-lost-his-life-savings-in-a-sim-hack
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