They weren’t saving for themselves.
They were saving for their mom.
Justin Chan and his sister shared a bank account — it was used to pay for their elderly mother’s care.
One night, while they were asleep, a stranger stole their phone number.
Not their phone.
Not their passwords.
Just their number.
With that, the attacker intercepted their 2FA codes, broke into their Bank of America account, and executed three wire transfers totaling $38,000.
- $20,000 went to a known felon’s account
- $18,000 was funneled through Robinhood and cashed out
All in under three hours.
The bank didn’t respond at first. Robinhood denied responsibility.
It wasn’t until media pressure mounted that the money was finally returned.
But imagine the stress, the helplessness — when the money meant to care for someone you love vanishes.
That’s the hidden cost of SIM-swapping.
It’s not just financial. It’s emotional. It’s destabilizing.
And most people don’t see it coming until it’s too late.
This entire situation could’ve been avoided with better safeguards at the carrier level — or stronger default protections from mobile providers.
At @Efani, we exist because this story keeps repeating.
Because no one should lose their peace of mind — or their parent’s care funds — to something as preventable as a SIM-swap attack.
Secure your number like your future depends on it.
Because sometimes, it does.
#MobileSecurity #SIMSwap #CyberSafety