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.
For his actions, Katz faces a statutory maximum of five years in prison and a fine of up to $250,000 or twice the financial gain or loss from the crime
this post was submitted on 16 Mar 2024
40 points (100.0% liked)
cybersecurity
3109 readers
8 users here now
An umbrella community for all things cybersecurity / infosec. News, research, questions, are all welcome!
Community Rules
- Be kind
- Limit promotional activities
- Non-cybersecurity posts should be redirected to other communities within infosec.pub.
Enjoy!
founded 1 year ago
MODERATORS
And he’s just the one who got caught.
The FBI received 1,600 complaints about SIM-swapping in 2021, a sharp increase from the three previous years.
This guy was only guilty for 5.
Most incidents seem to be from social engineering tech support though. No manager needed.