A US entrepreneur and cryptocurrency investor has filed a $223m lawsuit against AT&T after a store employee allegedly facilitated SIM swap fraud. Lawyers acting on behalf of Michael Terpin filed 16 counts of fraud, gross negligence, invasion of privacy, unauthorized disclosure of confidential customer records, violation of a consent decree, failure to supervise its employees and investigate their criminal background, and other charges in a US District Court in Los Angeles yesterday.

Read full news article on Infosecurity