- T-Mobile says successful SIM swap attacks have dropped by more than 99% since 2022, following stronger account security measures.
- The carrier also reports a 99% reduction in phishing-related employee credential compromises and billions of blocked scam calls and texts.
- Despite these improvements, attempted intrusions increased 37% over a recent 12-month period, showing that security threats remain a serious challenge.
T-Mobile knows better than most carriers how expensive a stolen phone number can become. Early last year, the Un-carrier paid out $33 million after a SIM swap attack cost a customer $38 million in cryptocurrency. Add the carrier’s troubled history with data breaches, and it’s easy to see why security promises alone might not inspire much confidence. But T-Mobile now has some striking numbers to back up its latest claims.
In a new cybersecurity report published today, the carrier says successful SIM swap attacks against its customers have fallen by more than 99% since 2022. That’s a remarkable turnaround for a company whose security record has repeatedly made headlines for the wrong reasons.
