Kroll, a risk and financial advisory company, has learned that one of its employees was victim to a SIM swapping attack.
The incident, which took place on August 19, 2023, targeted the employee’s T-Mobile account, the company said.
Specifically, t-Mobile, without any authority from or contact with Kroll or its employee, transferred that employee’s phone number to the threat actor’s phone at their request, it said in an advisory.
SIM swapping, also called SIM splitting or simjacking, while generally a benign process, could be exploited by threat actors to fraudulently activate a SIM card under their control with a victim’s telephone number.
If anything, the frequency of SIM swapping attacks is a reminder for users to move away from SMS-based two-factor authentication and switch to phishing-resistant methods to secure online accounts, the company says
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