A California man is first to receive jail time for SIM hijacking scheme
Authorities say they believe that a California man is the first to receive jail time for enacting a SIM hijacking scheme, after pleading guilty to stealing more than $5 million in cryptocurrency.
Motherboard (via Engadget) reports that 20-year-old Joel Ortiz has been sentenced to 10 years in prison as part of a plea deal. He admitted to stealing information from around 40 people, allowing him to steal millions in cryptocurrencies. Authorities tell Motherboard that they hope that the sentence (he will formally be sentenced in March) and recent string of arrests sends “a strong message to that community,” deterring others from similar practices.
SIM-swapping has been an increasingly popular method for thieves to steal sensitive data,...