Law firm has achieved a $33 million settlement against T-Mobile in a SIM swap case.
Image Credit – Wave7 Research
Los Angeles-based law firm Greenberg Glusker has won $33 million from T-Mobile for victims of SIM swap attacks.
The company says it has secured a $33 million arbitration award against T-Mobile due to its security lapses that enabled a SIM swap attack that led to cryptocurrency theft. The trial occurred in the fall of 2023 and the firm says that “this is the largest known SIM swap-related award on record.”
Greenberg Glusker’s lawyers say that T-Mobile tried its best to avoid responsibility for the SIM swap attack and even blamed the victim for the ordeal. And even though the award is now public, they accuse T-Mobile of “blocking access to details of its security failures.”
T-Mobile tried every argument to avoid responsibility, but the facts told a different story—T-Mobile failed to take the reasonable steps necessary to fix its porous security system and to protect its vulnerable customers.
