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09/20/2021
AT&T Sued After SIM Swap Attack Results in $560K Crypto Loss for Customer
Be Crypto
U.S. telecom giant AT&T is facing another lawsuit after a customer lost a substantial amount in crypto assets following a SIM swap attack.
Plaintiff Jamarquis Etheridge, a Texas resident, filed the suit in the state’s District Court on Sept 15. In it, Etheridge is claiming that AT&T failed to provide reasonable and appropriate security to prevent unauthorized access to his wireless account.
On or around Sept 10, bad actors were able to infiltrate Etheridge’s wireless account without authorization and drain his cryptocurrency account. AT&T was slow at reacting and unable to contain the security breach until the next day.
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