SIM Swapping Becomes Increasingly Popular in California, Police Make It “High Priority”

On November 7, a security news and investigation blog KrebsOnSecurity published an interview with REACT Task Force, a California-based law enforcement group dedicated to fighting cybercrime. As per the article, members of REACT consider “SIM swapping” one of its “highest priorities” in a bid to fight cryptocurrency fraud. Here is how fraudsters use 99 cent SIM cards bought off eBay to steal millions worth of crypto with just one call. “SIM swapping”: what is it? SIM swapping is the process of making a telecom provider like, say, T-Mobile, transfer the…

Hackers Breach Popular Web Analytics Site to Target Crypto Exchange

Cryptocurrency exchange Gate.io was apparently the target of hackers who compromised a widely used web analytics platform this week. According to a report from internet security firm ESET on Tuesday, bad actors compromised Ireland-based web analytics site StatCounter, in an attempt to steal bitcoin from the exchange’s customers. The attackers managed to inject malicious code into the script of StatCounter webpage, having also registered a domain very similar to the official one. The fake domain swapped two letters from the original to form “StatConuter”, which can be difficult to spot…