BleepingComputer reports AT&T lost $200M in seven years to illegal phone unlocking scheme

From BleepingComputer:

A Pakistani fraudster was sentenced to 12 years in prison earlier this week after AT&T, the world’s largest telecommunications company, lost over $200 million after he and his co-conspirators coordinated a seven-year scheme that led to the fraudulent unlocking of almost 2 million phones.

Throughout this operation, Muhammad Fahd — the scheme leader — bribed multiple AT&T employees to do his bidding, including unlocking phones, giving him access to their credentials, and installing malware that gave him remote access to the mobile carrier’s servers.

“Beginning in 2012, Fahd, 35, conspired with others to recruit AT&T employees at a call center located in Bothell, Washington, to unlock large numbers of cellular phones for profit,” the Department of Justice (DOJ) said.

Continue reading AT&T lost $200M in seven years to illegal phone unlocking scheme on BleepingComputer

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