What are the risks of ATT SIM swap for cryptocurrency investors?

3 answers

• Perry LemmingNov 05, 2023 · 2 years ago
  ATT SIM swap attacks pose a significant risk to cryptocurrency investors. When an attacker successfully performs a SIM swap, they gain control over the victim's phone number, which can be used to bypass two-factor authentication (2FA) and gain access to the victim's cryptocurrency accounts. This can result in the theft of funds and sensitive information. It is crucial for investors to be aware of this risk and take necessary precautions to protect their assets.
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• ArkharisOct 25, 2021 · 4 years ago
  ATT SIM swap attacks are a serious concern for cryptocurrency investors. By gaining control over a victim's phone number, attackers can intercept SMS-based authentication codes and gain unauthorized access to cryptocurrency accounts. This can lead to the loss of funds and sensitive data. It is recommended that investors use alternative forms of 2FA, such as hardware wallets or authenticator apps, to mitigate the risk of SIM swap attacks.
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• Schaefer DinesenDec 05, 2024 · a year ago
  As a cryptocurrency investor, you should be aware of the risks associated with ATT SIM swap attacks. These attacks involve a malicious actor convincing ATT to transfer the victim's phone number to a SIM card under their control. Once they have control over the victim's phone number, they can intercept SMS-based authentication codes and gain unauthorized access to cryptocurrency accounts. To protect yourself, consider using non-SMS-based 2FA methods, such as hardware wallets or authenticator apps, and regularly monitor your accounts for any suspicious activity.
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