The Federal Communications Commission task force will also examine how carriers collect and share geolocation data.

The problem with using Social Security numbers to authenticate consumers goes much deeper than Experian, experts say.

The rule change could create additional reporting requirements for companies.

The sentencing comes two years after six members of the group and their accomplices within mobile phone providers were indicted.

"I don't care," the suspect previously told the New York Times. "They can come arrest me. I would laugh at them. I haven't done anything."

SIM-swapping can lead to identity and financial fraud.

The bust is the latest evidence hinting at the extent to which established organized crime groups are adopting hacking methods.

The stolen funds would be worth $65,000 today, the suit claims.

Eric Meiggs, 23, is one of multiple defendants charged as part of the years-long fraud effort.

International police did not name specific victims. The crooks were able to steal about $100 million in cryptocurrency as well as personal data.