A 19-year-old from Palm Coast has been detained for allegedly pulling off SIM Swapping attacks tied to crypto theft worth millions.
Read more here

But this isn’t just a one-off story.
The Numbers Speak for Themselves:
In 2022, SIM swapping attacks doubled, with losses exceeding $72 million (FBI IC3 Report).

In 2023, over 1,600 victims reported SIM swap-related fraud, with an average loss of $4,000 per case.

How does SIM Swapping work?
1. The attacker collects personal info (via breaches/social media).
2. They contact the mobile carrier, pretending to be the victim.
3. With social engineering or insider help, they get the phone number transferred to a SIM they control.
4. Now, they intercept 2FA codes, bank alerts, and crypto wallet access.

Why is this important for businesses?
Even basic info can lead to a complete account takeover.

That’s why CrossClassify is built to detect and stop SIM swapping before it happens.
Our Protection Includes:
- Continuous Monitoring – Real-time detection of suspicious behavior.
- Behavioral Biometrics – Recognize users by how they interact, not just what they know.

Device & Network Profiling – Spot anomalies in devices and networks instantly.
SIM Swapping isn’t just a telecom problem – it’s a business risk.
Attackers are getting smarter, younger, and faster. Are your defenses ready?