Now-convicted phone dealer reset locked and blocked phones on various mobile networks.
A Burbank, Calif., man was convicted on several counts related to a mobile phone scheme that made more than $25 million, according to the Department of Justice.
Law enforcement said Argishti Khudaverdyan owned a phone retailer and over the course of several years used stolen employee credentials of more than 50 different T-Mobile employees to "unlock" hundreds of thousands of phones on the networks of AT&T, Sprint, and T-Mobile.
"Removing the unlock allowed the phones to be sold on the black market and enabled T-Mobile customers to stop using T-Mobile’s services and thereby deprive T-Mobile of revenue generated from customers' service contracts and equipment installment plans," a statement on the insider attack conviction from the Department of Justice said.
The DoJ added Khudaverdyan used the more than $25 million he made from the illicit scheme to buy real estate, among other things.
About the Author(s)
You May Also Like
Guarding the Cloud: Top 5 Cloud Security Hacks and How You Can Avoid Them
April 4, 2024Cybersecurity Strategies for Small and Med Sized Businesses
April 11, 2024Defending Against Today's Threat Landscape with MDR
April 18, 2024Securing Code in the Age of AI
April 24, 2024
Black Hat USA - August 3-8 - Learn More
August 3, 2024Cybersecurity's Hottest New Technologies: What You Need To Know
March 21, 2024Black Hat Asia - April 16-19 - Learn More
April 16, 2024