Brazilian iPhone thieves demonstrate importance of responsible password practices

A recent rash of iPhone thefts in Brazil serves as yet another cautionary tale for users who store passwords in an unsecured location on their device.In June, reports surfaced about a string of Brazilian iPhone thefts that dates back to 2020. Instead of flipping the hardware for cash, thieves sought a more lucrative payout by using the devices to gain unauthorized access to victims' bank accounts.Exactly how the locked iPhones were breached and bank accounts accessed remained unknown until Sao Paulo authorities arrested members of a gang that specialized in the technique. Unlike government data gathering operations or sophisticated hacks that require expensive equipment and obscure software exploits, all that was needed was SIM card removal tool, reports Folha de Sao Paulo. Read more...