Posted on 05/14/2022 9:47:58 AM PDT by Mr. Mojo
How about not using your phone for financial transactions? How stupid can people be?
“including his proceeds in investments in cryptocurrency, were wiped out.”
$700,000 in Crypto means he lost about $70 in real world money.
He didn’t know what a SIM card was but he was dabbling in crypto. suuuuure
“Investments” in Cryptocurrency is like “Investments” in slot machines.
Doesn’t matter if you use the phone for that or not. They’re stealing your phone NUMBER, so they’ll be able to change passwords on any of your accounts. If they control your phone, they have functional control over being you. Most people these days use their cell phone for everything, so they’ll have control over everything from your bank account to your electric bill.
Any cell company employee who would sell a persons SIM info need to be sent to prison without parole for at least 20 years. Scum.
He may not have been using his phone for transactions.
A lot of websites and financial institutions have two-part verification where they send a code to your phone when you try to log in.
Snag somebody's phone number through a SIM swap and you get the verification text.
That's why I have one of these:
Money quote: “including his proceeds in investments in cryptocurrency”
quote “The FBI explains that crooks trick mobile carriers to transfer your SIM, basically your phone number, to a device they control”
this is 100% the telephone carriers fault!
If they are too stupid to fall for this scam they need to pay this guy and everyone else back for their incompetence!
The FBI explains that crooks trick mobile carriers to transfer your SIM, basically your phone number, to a device they control — either by impersonating you or, in some cases, paying off a phone carrier employee.
Except that he could buy a Lamborghini or two with the crypto.
“• Avoid posting personal information online, such as mobile phone number, address, or other personal identifying information.”
Sorry, but that Genie has been out of the bottle for a long time. Actually most of the information is a matter of public record. The interweb just made it easier to find.
Interesting. My T-Mobile Nord 10 phone, at 13 months of age, intermittently stopped seeing the SIM card. We were 2000 miles from home, in Arizona (we live in Kentucky) and they replaced the SIM, which worked for a while, until it didn’t. Long story short, when we got back home I had to go to the T-Mobile store and replace the phone for their current “free” phone, the REVV thingee.
I wonder if mine was an “attempt” to steal my stuff. I doubt it, since the people at neither store were able to get my oneplus phone up and running.
They’re stealing your phone NUMBER
It’s Jason Bourne...
It’s called convenience. I personally try to avoid it but there are times when its easier than going to my bank. But I’m not trading stocks or crypto either.
Where I live, your lucky if you can get through the drive-thru in 30 minutes and with the covid lockdown that became even worse. The line inside the banks pre-covid were horrific.
The Hispanic population will do all their banking for families at one time. Its so bad that the banks put up signs limiting the number of transactions to 3 per car.
I factor in the price of gas and my time when making these decisions.
A no brainer from the get go. People have been thieves since we know anything. What makes anybody think that some automated, pervasive, electronic gizmo is gonna protect your hard work?
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