Ten hackers have been arrested for SIM-changing fraud

With the help of Europol, the coordinated police action, which took place at the beginning of last year as a result of an investigation into the detection of SIM swapping frauds in several countries earlier this week, ended with the production of 8 people. The members of the gang are suspected of stealing roughly $ 100 million, or its equivalent cryptocurrency, from the accounts of several American celebrities and their relatives.

The attacks, which affected hundreds of victims, took place in 2020, using the classic method, ie the SIM swapping method, to access the SMS to the victim’s phone number, with the help of which the access to various services and applications was changed. The victims included Internet celebrities, well-known musicians, and athletes, the vast majority of whom were American citizens.

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According to a statement issued by Europol, the investigation began in spring 2020, with coordinated cooperation between the authorities in England, the United States, Belgium, Malta and Canada. Two of the gang members were arrested in Malta and Belgium, after which investigators reached the other eight suspects, who were finally detained on 9 February.

Fraud based on a similar principle is gaining popularity globally, and in the European Union, the number of such cases has jumped significantly, thanks in part to the immediate payment system introduced last year. Last year in Hungary, the media also reported two cases involving a large port, in one case 30 million forints and in the other 51 million forints were stolen from the victims’ accounts with a transaction disguised as a real estate purchase transaction.

Source: HWSW Informatikai Hírmagazin by www.hwsw.hu.

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