The ‘new’ SIM card exploit probably doesn’t concern you
Cracked encryption allows hackers to potentially clone your SIM, priovided you’re still using an out-dated encryption protocol.
Over the weekend some news broke about an exploit that affects millions of phone users. Apparently, the encryption used has a flaw that allows a hacker to clone the encryption credentials of a SIM (Subscriber Identity Module) card, potentially allowing them to clone your SIM card and retrieve things like information about your plan and payments, or identify you on the network.
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Story added 23. July 2013, content source with full text you can find at link above.