A crypto breach refers to a security incident where a hacker gains unauthorized access to cryptographic keys or other sensitive information related to cryptocurrencies. This can happen through various means, such as phishing attacks, malware, or social engineering tactics.
Sim swapping is a technique used by cybercriminals to take over a victims phone number by convincing the victims mobile carrier to transfer the number to a new SIM card under the hackers control. Once the hacker has control of the phone number, they can use it to reset passwords and gain access to the victims online accounts, including cryptocurrency exchanges.
Sim swapping poses a significant risk to personal information security because it allows hackers to bypass two-factor authentication measures and gain access to sensitive data. By taking control of a victims phone number, hackers can intercept SMS codes and other verification messages, making it easier for them to compromise accounts and steal funds.
How can I protect myself from sim swapping attacks?
What should I do if I suspect my phone has been swapped?
Are there any legal implications for sim swapping hackers?
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Krolls Crypto breach spotlights SIM-Swapping danger