FCC to work on rules to prevent SIM swapping attacks
Catalin Cimpanu reports:
The Federal Communications Commission announced today plans to introduce new rules for US mobile carriers to address the rising wave of SIM swapping and port-out fraud attacks.
The two attacks, while they have different names, are closely related. Both take place when mobile carriers fail to properly verify a customer’s identity when they request that their service be transferred to a new SIM card (SIM swapping attack) or to an account at another mobile operator (port-out fraud).
Read more on The Record.