SIM-Swapping Attacks, Many Aimed at Crypto Accounts, Are on the Rise

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SIM-Swapping Attacks, Many Aimed at Crypto Accounts, Are on the Rise
France Dernières Nouvelles,France Actualités
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Cyber thieves targeting crypto and traditional bank accounts stepped up their illegal activities last year, resulting in a significant increase in the number of reported SIM-card crimes

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The Federal Bureau of Investigation received more than 1,600 SIM-swap complaints in 2021, the agency said, resulting in estimated losses of as much as $68 million. In the three years prior, the FBI received a combined 320 complaints, totaling an estimated $12 million in losses, it said.

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