T-Mobile says it’s winning the fight against SIM swap attacks after years of trouble
T-Mobile released a cybersecurity report showing significant progress against SIM swap attacks, which have dropped by more than 99% since 2022. The carrier also reports a 99% reduction in phishing-related employee credential compromises and billions of blocked scam calls and texts. However, the report also reveals that attempted intrusions increased 37% during a recent 12-month period, indicating that security threats remain persistent. This turnaround is noteworthy given T-Mobile's troubled history with data breaches and the $33 million settlement it paid earlier this year following a SIM swap attack.
Key points
- Successful SIM swap attacks down 99% since 2022
- 99% reduction in phishing-related employee credential compromises
- Attempted intrusions increased 37% over 12 months
- T-Mobile settled $33M after customer lost $38M to SIM swap attack
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