A former AT&T retail store employee has been sentenced to 16 months in prison for taking part in a SIM-swapping fraud scheme, according to Techub, citing CryptoBriefing. The defendant was also ordered to pay $99,528 in restitution.
Prosecutors said the employee gave hackers internal access while working at AT&T, a move that exposed three victims to nearly $600,000 in losses. An FBI investigation found that the employee was paid between $1,000 and $2,000 for each SIM swap carried out. Those swaps helped hackers intercept bank two-factor authentication codes and steal funds.
Investigators said $99,528 was transferred to an account in Portugal. Law enforcement officers also found victims’ personal information at the employee’s home. The case was jointly investigated by the FBI, the Internal Revenue Service, and the Federal Deposit Insurance Corporation Office of Inspector General.
A former AT&T retail store employee has been sentenced to 16 months in prison for participating in a SIM-swapping fraud scheme, according to Techub, citing CryptoBriefing. The court also ordered the defendant to pay $99,528 in restitution.
Prosecutors said the employee provided hackers with internal access while working at AT&T, exposing three victims to nearly $600,000 in losses.
FBI detailed how the scheme worked
An FBI investigation found that the employee was paid $1,000 to $2,000 for each SIM swap. The swaps allowed hackers to intercept bank two-factor authentication codes and steal funds. Investigators said $99,528 was transferred to an account in Portugal.
Several agencies joined the case
Law enforcement officers also recovered victims’ personal information from the employee’s residence. The case was jointly investigated by the FBI, the Internal Revenue Service, and the Federal Deposit Insurance Corporation Office of Inspector General.
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