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Authorities say Californian man is the first to be sentenced to jail for setting up a scheme for hacking the SIM card after pleading guilty to stealing more than $ 5 million in cryptography change.
Motherboard (via Engadget) reports that Joel Ortiz, aged 20, was sentenced to 10 years in prison under a plea agreement. He admitted to stealing information from about 40 people, which allowed him to steal millions of dollars in cryptocurrencies. The authorities say Motherboard that they hope the sentence (it will be officially condemned in March) and the recent series of arrests send "a strong message to this community," deterring others from doing the same.
The SIM card exchange is a method increasingly used by thieves to steal sensitive data, such as cryptocurrency or social media accounts. This is a person who transfers a phone number to another SIM card without the owner's approval. The thief will call a telephone operator and tell him that he has lost his SIM card and will request that the number be transferred to another phone. If successful, they can then support their target accounts by intercepting their two-factor authentication texts.
The practice can be lucrative for thieves: a Florida man was arrested last year for leading a network of multi-state hackers, and an AT & T client took action in Justice against the company, claiming that he had stolen more than $ 23 million in cryptocurrency because of the trainings.
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