Mark KreitzmanGuest
Omar ElattarHost
That's fascinating to think about, too, because traditionally, when a lot of people think about cybersecurity, they think about enterprise accounts, right? Oh, I don't have to worry about cybersecurity.

I'm not a big company with 100 customers, 1,000 customers, 10,000 employees, all this data, right? Most people think cybersecurity has to be this big enterprise thing, but they don't realize that they have such vulnerability in their phone.

So I'm curious, for people who don't know, what is a SIM swap in layman's terms, for people who aren't familiar with it, is it something that affects sim cards is it e-sims is it um you know does it matter from carrier to carrier does it relate to if it's apple or samsung or you're more vulnerable for somebody who knows zero um can you kind of share what is a sim swap and how does it work

yeah absolutely so a lot of people know what a legal sim swap is maybe not by that word in fact i just before this i was talking to one of our hollywood customers who was in in the phone store getting a new phone And so let's say you have an iPhone 15 today and you go to the phone store and you buy the iPhone 17, and then you work with the Apple store or you call your carrier and say, okay, I want my mobile account now to work on my iPhone 17.


So you get it moved over, it's now on your iPhone 17 and you're happy, you walk out of the store, You shut the call down with your carrier and you're good to go.

Now, the illegal SIM swap is when a nefarious person, I don't like to call them attackers or hackers because you don't have to learn any coding.

A 15-year-old kid partnered with an older adult and stole $24 to $25 million from Michael Terrapin, the investor.

And then the same 15-year-old kid stole about $1.7, $1.8 million from a guy named Rob Ross.

And so one 15-year-old kid, and he made a mistake like a year later, two years later, where he...

The guy that he was partnered with was an older, he wasn't, he was, I don't know if he drank too much or did drugs or something, but he started talking and then they ended up getting busted.

That's fascinating to think about, too, because traditionally, when a lot of people think about cybersecurity, they think about enterprise accounts, right? Oh, I don't have to worry about cybersecurity.

I'm not a big company with 100 customers, 1,000 customers, 10,000 employees, all this data, right? Most people think cybersecurity has to be this big enterprise thing, but they don't realize that they have such vulnerability in their phone.

So I'm curious, for people who don't know, what is a SIM swap in layman's terms, for people who aren't familiar with it, is it something that affects sim cards is it e-sims is it um you know does it matter from carrier to carrier does it relate to if it's apple or samsung or you're more vulnerable for somebody who knows zero um can you kind of share what is a sim swap and how does it work

yeah absolutely so a lot of people know what a legal sim swap is maybe not by that word in fact i just before this i was talking to one of our hollywood customers who was in in the phone store getting a new phone And so let's say you have an iPhone 15 today and you go to the phone store and you buy the iPhone 17, and then you work with the Apple store or you call your carrier and say, okay, I want my mobile account now to work on my iPhone 17.


So you get it moved over, it's now on your iPhone 17 and you're happy, you walk out of the store, You shut the call down with your carrier and you're good to go.

Now, the illegal SIM swap is when a nefarious person, I don't like to call them attackers or hackers because you don't have to learn any coding.

A 15-year-old kid partnered with an older adult and stole $24 to $25 million from Michael Terrapin, the investor.

And then the same 15-year-old kid stole about $1.7, $1.8 million from a guy named Rob Ross.

And so one 15-year-old kid, and he made a mistake like a year later, two years later, where he...

The guy that he was partnered with was an older, he wasn't, he was, I don't know if he drank too much or did drugs or something, but he started talking and then they ended up getting busted.
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