Computer hacker holding a cash money bag

French police bust ring that used SIM-swapping to steal over $1 million from Société Générale bank clients.

French police have arrested a business student interning at Société Générale who is accused of helping a SIM-swapping fraud ring steal over €1 million (approximately $1.15 million) from 50 clients of the bank. The intern, reportedly a Master’s student at a business school, was working at the bank’s headquarters in Paris and is alleged to have abused his position to access and share sensitive customer banking information with a criminal network.