In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This timely and helpful piece by Kate Rooney published on CNBC says that “hackers are using a method known as “SIM swapping” to steal phone numbers and in some cases, use them to take millions of dollars worth of cryptocurrency.” Read on.
“It’s a familiar scenario.
You forget a password to a website or log in from a new computer, and get locked out of your account. The website or your bank sends a text to confirm it’s you. Most of the time it is.
But the person receiving that text could be a hacker. Criminals are using a method known as “SIM swapping” to take over phone number accounts by duping wireless carriers, and in some cases stealing millions of dollars worth of cryptocurrency.”