A cryptocurrency investor has filed a lawsuit against the mobile operator T-Mobile. He accuses the company of insufficient protection of customer data, which led to the loss of 1.6 BTC through SIM card fraud.
Plaintiff Richard Harris alleged T-Mobile’s misconduct and accused the company of failing to adequately protect customer information, employing appropriate support staff, and of violating federal and state laws that resulted in the plaintiff’s loss of 1.63 BTC. Harris demands a jury trial.
This type of mobile phone fraud involves the purchase of a new prepaid SIM card. The attacker contacts a mobile operator, such as T-Mobile, and convinces a company representative to bind the potential victim’s number to a new prepaid SIM card. This is how a fraudster can gain access to bank accounts, cryptocurrency wallets and other confidential data.
“T-Mobile has experienced numerous incidents of negligent customer information,” Harris said in a complaint.
Specifically, Harris claims that T-Mobile violated the country’s Federal Communications Act, which states that the cellular operator must protect “confidential customer information.” The plaintiff seeks compensation for a number of damages, including actual damages and penalties, as well as payment of legal costs.
Last summer, Veritaseum sued T-Mobile for failing to prevent a hack that resulted in a $ 8.6 million loss of cryptoassets.In the fall of 2019, crypto investor Michael Terpin, also a victim of a cell phone scam, wrote an open letter to the chairman Federal Communications Commission (FCC). He demanded that the regulator take decisive action against SIM card fraud.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
