Bloomberg Originals
Bloomberg Originals
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The $24 Million SIM-Swapping Hack

Posted

August 4, 2023

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When Michael Terpin loses $24 million to a SIM-swapping hack, he fights back against the young hackers and takes on AT&T in a legal battle for $224 million. This cautionary tale exposes the rise of SIM-swapping incidents and the vulnerabilities of service providers in the face of digital identity theft.

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The $24 Million SIM-Swapping Hack · Bloomberg Originals · Sentinel