Cybersecurity

A $68 Million Scam That Relies on Telecom Insiders

Recent court cases and an FBI warning point to new urgency

Retail sales consultant Salena Weekly inserts a SIM card into a newly purchased Samsung Electronics Co. Galaxy S6 smartphone at an AT&T store in Washington, D.C., U.S. — Retail sales consultant Salena Weekly inserts a SIM card into a newly purchased Samsung Electronics Co. Galaxy S6 smartphone at an AT&T store in Washington, D.C., U.S.
Photographer: Andrew Harrer/

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Before it’s here, it’s on the Bloomberg Terminal

By William Turton

January 4, 2023 at 4:45 PM EST

Hi, it’s William Turton taking over for the week. Scammers have bribed insiders at US phone companies to gather customer data. But first…

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Before it’s here, it’s on the Bloomberg Terminal