Any protections consumers enabled to secure access to their financial accounts, such as two-factor authentication texts, now can aid attackers and lock out owners.
Experts say these scams will only increase and become more sophisticated, while the data show they are on the rise. The FBI Internet Crime Complaint Center reports that SIM-swapping complaints have increased more than 400% from 2018 to 2021, with associated personal losses estimated to be more than $68 million.
Rachel Tobac, CEO of online security company SocialProof Security, says the numbers are probably a vast underestimate because most identity thefts are not reported.
HOW DOES THE SCHEME WORK?
Criminals use personal information about their victims — phone numbers, addresses, birthdays and Social Security numbers — obtained through data breaches, leaks, dark web purchases or phishing scams to impersonate the victims as they contact their mobile carriers.
Bu hikaye AppleMagazine dergisinin July 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye AppleMagazine dergisinin July 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
CHINA'S CATL FORMS JOINT VENTURE WITH STELLANTIS TO BUILD ELECTRIC VEHICLE BATTERY FACTORY IN SPAIN
Chinese electric battery company CATL and automaker Stellantis will build a major battery factory in northern Spain, the partners announced this week.
TIKTOK ASKS FEDERAL APPEALS COURT TO BAR ENFORCEMENT OF POTENTIAL BAN UNTIL SUPREME COURT REVIEW
TikTok asked a federal appeals court on Monday to bar the Biden administration from enforcing a law that could lead to a ban on the popular platform until the Supreme Court reviews its challenge to the statute.
META SHAREHOLDERS SEEK SANCTIONS FOR SANDBERG, ZIENTS FOR DELETING CAMBRIDGE ANALYTICA EMAILS
2018 shareholder lawsuit that alleged Facebook officers and directors violated both the law and their fiduciary duties in failing for years to protect the privacy of user data.
BOEING LAYS OFF HUNDREDS IN WASHINGTON AND CALIFORNIA AS PART OF CUTS ANNOUNCED PREVIOUSLY
Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that will eventually reduce the company’s workforce by about 17,000.
NASA PUSHES BACK ASTRONAUT FLIGHTS TO THE MOON AGAIN
NASA announced more delays in sending astronauts back to the moon more than 50 years after Apollo.
BILLIONAIRE WHO PERFORMED THE FIRST PRIVATE SPACEWALK IS TRUMP'S PICK TO LEAD NASA
A tech billionaire who bought a series of spaceflights from Elon Musk’s SpaceX and conducted the first private spacewalk was nominated by President-elect Donald Trump to lead NASA.
FROM 'LOVE ACTUALLY' TO 'BLACK DOVES' WITH BEN WHISHAW, KEIRA KNIGHTLEY HAS YOUR CHRISTMAS COVERED
Keira Knightley starred in one of the most popular Christmas films of the 21st century, the 2003 romantic comedy “Love Actually.”
FORTNITE PLAYERS 'TRICKED' INTO UNWANTED PURCHASES ARE STARTING TO GET REFUNDS. HERE'S HOW TO APPLY
U.S. consumers who were “tricked” into purchases they didn’t want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week.
CHINA'S BAN ON KEY HIGH-TECH MATERIALS COULD HAVE BROAD IMPACT ON INDUSTRIES ECONOMY
China has banned exports of key materials used to make a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies that make equipment used to produce advanced computer chips.
'MOANA 2' CRUISES TO ANOTHER RECORD WEEKEND AND $600 MILLION GLOBALLY
The Walt Disney Co.’s animated film “Moana 2” remained at the top of the box office in its second weekend in theaters as it brought in another record haul.
