Krebs on Security reports a man is suing AT&T for $224 million after hackers compromised his mobile account in order to steal millions of dollars in cryptocurrencies. Michael Terpin claims malicious actors were able to tie a new SIM card and mobile phone to a device they had in their control, allowing the ability to take over his AT&T account. The hackers then changed the credentials to his cryptocurrency accounts, stealing nearly $24 million in digital currency. In his complaint, Terpin said an AT&T investigation found one of their employees in a Connecticut location conducted the “SIM swap,” alleging the company should have known its staff could bypass security measures.
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