this post was submitted on 16 Mar 2024
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Former telecom manager admits to doing SIM swaps for $1,000 (www.bleepingcomputer.com)
submitted 6 months ago by IllNess@infosec.pub to c/securitynews@infosec.pub
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[–] IllNess@infosec.pub 10 points 6 months ago

For carrying the unauthorized number porting, Katz received $1,000 in Bitcoin per SIM swap (total of $5,000), plus an (unspecified) percentage of the profits earned from the illicit access to the victims' devices.

The amount he made is $5,000 minumum.

I think 1 year for every instance is fair. This could really ruin someone. At least stolen credit cards have protection. Stealing someone's crypto wallet could mean that money is gone for good.