Sim Swap Attack

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The Federal Trade Commission (FTC) received reports of a significant increase in SIM swap attacks in 2023, and Experian's 2024 scam forecast identified SIM swapping as one of the top threats, emphasizing the need for heightened awareness and preventive measures.

Earlier this month, the U.S. Securities and Exchange Commission attributed a breach of its official account on X (formerly Twitter) to a SIM swap attack. On January 9, an unauthorized party gained control of the @SECGov account and posted an announcement that falsely claimed that the agency had approved the first-ever spot bitcoin exchange-traded funds (ETFs).