Free Republic

WASHINGTON (7News) — 7News is asking a security question that deals with your cell phone. How did a Maryland woman lose $17,000 even though she had two-factor authentication on all her accounts? It all started when Hussey got an email thanking her for the purchase of a new phone at Verizon. Minutes later her contact information at Bank of America had changed. The problem? She didn't do either transaction and had two-factor authentication on her accounts. "And the bottom just kind of dropped out,” added Hussey. She called Bank of America, but her cell phone was no longer active. An...

TAMPA, Fla. (WFLA) — Dan Clark says his future changed in an instant as his life savings of more than $700,000 vanished. “My phone said, ‘No service, SIM card.’ And I didn’t even know what a SIM card was,” Clark said. By the time he found out, it was too late. His phone number had been transferred to a crook’s device, and Clark’s accounts, including his proceeds in investments in cryptocurrency, were wiped out. “I lost everything in a matter of a few hours,” he said. “Life’s work, a few hours.” Clark quickly learned he was a victim of a...