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Stolen iPhones Fuel Cybercrime Market

Stolen iPhones Fuel Cybercrime Market

Published 2 weeks ago
Description

Cybercriminals are exploiting stolen iPhones through a thriving online black market, offering unlock tools and phishing kits. Researchers at Infoblox discovered numerous Telegram groups and websites selling these services, primarily targeting iPhones. Over ten thousand phishing sites were linked to this operation, with a significant increase in traffic last year. These services are affordable, costing less than ten dollars per use, attracting buyers globally. The thieves aim for bank accounts and cryptocurrency wallets, with locked phones selling for fifty to two hundred dollars and unlocked ones fetching up to one thousand. London police busted a crew handling over five thousand stolen devices, draining linked accounts for quick cash. Phone thefts are on the rise, with eighty thousand reported in London alone. Infoblox found common tools used to jailbreak older models, create fake Apple pages, and use AI voices for scams. Apple has enhanced security features, but users must enable anti-theft features, use strong passcodes, and remain vigilant to protect their devices.

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