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U.S. Charges 9 ‘SIM Swapping’ Attackers For Stealing $2.5 Million

U.S. Charges 9 'SIM Swapping' Attackers For Stealing $2.5 Million

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.

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