Fraudsters offers thousands to low-waged telco employees for help with SIM Swap scams

SIM Swapping is a powerful form of fraud in which criminals convince the phone company to switch your phone number to a SIM they control; once they have your phone number, they can bypass the SMS-based two-factor authentication protecting your cryptocurrency wallets, social media accounts, and other valuable systems. Read the rest

Desperate Facebook poisons the well, spamming disenchanted users with torrents of notifications, including through 2FA

As Facebook users drift away from the platform, the company is becoming increasingly desperate to lure them back, doubling down on its obnoxious tactic of spamming users whose activity has fallen off with notifications intended to pique their interest in using the service again. Read the rest

First known US example of a gas-pump skimmer that uses SMS to exfiltrate data

This credit-card skimmer was removed from a New York gas pump; it uses components scavenged from a cellular phone and a T-Mobile SIM to send the credit card details it harvests to its owners, who can retrieve them from anywhere in the world. Read the rest