California law enforcement considers “SIM swapping” to be one of its “highest priorities” in the fight against cryptocurrency fraud.
The California-based REACT Task Force, a group of law enforcement officers and prosecutors, was initially created to combat cybercrime, but is now looking into SIM swapping activities as well. KrebsonSecurity, a blog dedicated to security news and investigations, interviewed REACT Task Force supervisor and Santa Barbara police sergeant Samy Tarazi regarding the rising number of SIP swapping incidents.
“It’s probably REACT’s highest priority at the moment, given that SIM swapping is actively happening to someone probably even as we speak right now,” Tarazi said to the publication. “It’s also because there are a lot of victims in our immediate jurisdiction.”
SIM swapping is a type of account takeover fraud that exploits two-factor authentication protection by hijacking the SIM card in a mobile device. Criminals usually obtain access by exploiting mobile operators’ a...
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