Cybersecurity
Hackers Target AT&T to Vodacom in $3.6 Billion SIM-Card Scam
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It’s like “Invasion of the Body Snatchers” -- for smartphones.
At wireless carriers such as AT&T Inc. and South Africa’s Vodacom Group Ltd., a new hacking threat has emerged involving the illicit swapping of SIM cards, the plastic chips that authenticate customers on mobile networks. Criminals call users and impersonate the companies to glean personal information, which they use to hijack the chips and customer accounts, paving the way for online banking fraud and international calling theft.