Man, 27, arrested in connection with sim swap fraud of bank customers released without charge

A man arrested in Dublin in connection with an ongoing investigation into the sim-swapping scam has been released without charge.

The 27-year-old was arrested in Tallaght yesterday as part of an ongoing investigation being carried out by the Garda National Economic Crime Bureau.

He has since been released without charge. A file is now being prepared for the public prosecutor’s office.

Members of the GNECB conducted an investigation into sim swapping, account takeover and money laundering.

A sim swapping scam occurs when a scammer contacts a potential victim’s phone provider, having previously obtained information about the victim. Then they get the phone company to switch the victim’s cellphone number to a sim number in the scammer’s phone.

This is then used to exploit vulnerabilities in two-factor authentication and they can obtain bank account access codes.

https://www.independent.ie/news/man-27-arrested-in-connection-with-sim-swapping-fraud-of-bank-customers-released-without-charge-41938798.html Man, 27, arrested in connection with sim swap fraud of bank customers released without charge

Fry Electronics Team

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