A paid-off and bribed insider helps a thief use a SIM swap to financially wipe out a clueless victim
If you ever get a text like this, contact your wireless provider immediately
No matter how the criminal gets the SIM card that is attached to the victim’s phone number and wireless account, once it is received the thief inserts it into his burner phone giving him control over all of the victim’s apps. Passcodes and passwords are changed, balances in banking and securities accounts are wiped out, and the damage to the victim’s life is huge.
T-Mobile released a very unsatisfying statement about the texts showing current and former employees approached to take part in a SIM swap rip-off. The nation’s second-largest carrier said, “We did not have a systems breach. We continue to investigate these messages that are being sent to solicit illegal activity. We understand other wireless providers have reported similar messages.”