How SIM swapping led to a $1.8M cyber fraud case

3 days ago 10

A San Fernando Valley, California, man has been sentenced to more than five years in federal prison after orchestrating a massive fraud operation that targeted dozens of victims, many of them elderly. 

Oren David Sela, 36, stole mail, hijacked phone numbers through SIM swapping, and used victims’ identities to drain bank accounts, stealing over $1.8 million. 

Here is how the scheme worked and what you can do to avoid becoming a victim of a similar attack.

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