ZachXBT highlights the need for tougher laws in Canada and the EU to combat SIM swapping and social engineering fraud, especially involving minors.
Blockchain investigator ZachXBT has called for stricter penalties against SIM swapping and social engineering fraud, criticizing current Canadian and EU laws as too lenient. He referenced the case of Cameron Redman, a 17-year-old Canadian involved in a $37 million SIM swap attack. Redman's name was disclosed after he was linked to phishing activities, raising concerns about legal protections for juvenile offenders in high-value cybercrime cases.