The DOJ Recovers Bitcoin Worth $3.6 Billion, SIM Swap Attacks Rise, Antlion Attacks Taiwanese Businesses, Backdoor Trojan Attacks macOS Vulnerability

The Federal Bureau of Investigation (FBI) warns that Subscriber Identity Module (SIM) swap attacks are on the rise. SIM jacking is a type of account takeover that allows scammers to take control of victims’ mobile phone numbers. Hackers trick “phone service providers into swapping a target’s phone number to attacker-controlled SIM cards” through social engineering or corrupt employees. Hackers use SIM swapping to steal millions from victims’ fiat and virtual money accounts. The FBI Internet Crime Complaint Center (IC3) notes that in 2021, SIM swapping complaints increased fivefold compared to the previous 3 years, and have cost victims an estimated $68 million.

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