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 How easy is a SIM swap attack Heres how to prevent one

How easy is a SIM swap attack Heres how to prevent one


Published: 2023-07-17


1. SIM Swap Crypto Hack: Exploring the Vulnerability of Crypto Accounts to SIM Swapping Attacks SIM swapping,a method of fraud in which hackers take control of a person's mobile phone number to gain unauthorized access to their accounts,has become a significant concern in the crypto community. This article delves into the ease with which SIM swap crypto hacks can occur,highlighting the potential risks faced by crypto investors. It emphasizes the need for increased awareness and security measures amongst cryptocurrency users.

2. Common Techniques Used in SIM Swapping Attacks The article outlines the techniques employed by fraudsters when executing SIM swapping attacks. It explains how hackers are often able to convince mobile network operators to transfer a person's phone number to a SIM card under their control. By doing so,they can then bypass two-factor authentication systems and gain access to the victim's cryptocurrency accounts. The article highlights the importance of implementing additional security measures beyond just two-factor authentication to protect against such attacks.

3. Impact and Prevention of SIM Swap Crypto Hacks The article discusses the severe consequences that can arise from SIM swapping attacks on crypto accounts,including financial loss and reputational damage. It emphasizes the importance of staying vigilant and adopting preventative measures,such as using secure communication channels,not sharing personal information online,and enabling multi-factor authentication for email accounts. Additionally,the article encourages users to contact their mobile network operators to request additional security measures,such as requiring a passphrase before transferring SIM cards. In conclusion,this article sheds light on the alarming vulnerability of crypto accounts to SIM swapping attacks. By exploring the ease of execution and the risks associated with such hacks,it underscores the need for increased security measures and user awareness within the cryptocurrency community.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 67,054.51 1,507,177,468.89
2 ARS title=ARS 1,101.90 1,482,560,019.90
3 ETH title=ETH 3,113.78 948,955,401.75
4 SOL title=SOL 173.14 543,531,199.77
5 PEPE title=PEPE <0.01 242,217,560.56
6 DOGE title=DOGE 0.16 154,664,624.02
7 WIF title=WIF 2.81 143,769,719.47
8 FTM title=FTM 0.86 121,056,656.38
9 BOME title=BOME 0.01 115,468,209.66
10 XRP title=XRP 0.52 110,373,251.26
11 LINK title=LINK 16.37 106,950,950.40
12 NEAR title=NEAR 8.11 105,696,049.66
13 ENA title=ENA 0.75 90,584,898.28
14 RUNE title=RUNE 6.90 87,861,117.56
15 ORDI title=ORDI 41.32 86,006,918.72
16 PEOPLE title=PEOPLE 0.05 81,853,976.07
17 FLOKI title=FLOKI <0.01 81,503,151.02
18 AVAX title=AVAX 37.37 68,525,087.34
19 RNDR title=RNDR 10.06 63,576,204.87
20 JTO title=JTO 4.68 62,124,188.36
21 WLD title=WLD 5.01 58,073,995.56
22 OP title=OP 2.60 51,238,830.53
23 BCH title=BCH 485.70 50,502,833.38
24 SUI title=SUI 1.08 49,711,323.06
25 BONK title=BONK <0.01 43,851,368.51
26 AR title=AR 47.47 43,331,811.98
27 JUP title=JUP 1.28 42,854,188.39
28 PENDLE title=PENDLE 5.00 42,378,156.71

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Cream title=CREAM 59.46 +25.34
2 ForTube title=FOR 0.02 +24.96
3 0x Protocol title=ZRX 0.61 +21.38
4 Reserve Rights title=RSR <0.01 +18.93
5 Biconomy title=BICO 0.59 +12.51
6 Gnosis title=GNO 303.90 +10.39
7 Tensor title=TNSR 0.96 +10.27
8 Dusk title=DUSK 0.35 +10.21
9 TrueFi title=TRU 0.13 +9.48
10 ORDI title=ORDI 41.32 +9.28
11 Yield Guild Games title=YGG 0.93 +9.16
12 Pendle title=PENDLE 5.00 +9.08
13 Polymesh title=POLYX 0.46 +8.26
14 SSV Network title=SSV 42.35 +8.26
15 LTO Network title=LTO 0.20 +7.89
16 1000SATS (Ordinals) title=1000SATS <0.01 +7.32
17 Fantom title=FTM 0.86 +6.93
18 COTI title=COTI 0.13 +6.31
19 Bella Protocol title=BEL 0.91 +6.28
20 SPACE ID title=ID 0.78 +6.09
21 Ethena title=ENA 0.75 +5.93
22 Pyth Network title=PYTH 0.46 +5.87
23 GALA title=GALA 0.05 +5.83
24 Vulcan Forged title=PYR 4.76 +5.46
25 OAX title=OAX 0.23 +5.14
26 IQ title=IQ 0.01 +5.05
27 CyberConnect title=CYBER 7.85 +4.92
28 DIA title=DIA 0.52 +4.76
29 Ellipsis X title=EPX <0.01 +4.69
30 Oasis Network title=ROSE 0.09 +4.53

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 ConstitutionDAO title=PEOPLE 0.05 -8.87
2 High title=HIGH 4.52 -5.26
3 Syscoin title=SYS 0.19 -4.59
4 NEAR Protocol title=NEAR 8.11 -3.50
5 AVA Foundation Bridged AVA (BSC) title=AVA 0.66 -3.44
6 Saga title=SAGA 2.17 -3.36
7 Vanar Chain title=VANRY 0.19 -3.30
8 Lisk title=LSK 1.99 -2.84
9 Wanchain title=WAN 0.25 -2.75
10 Loom Network (NEW) title=LOOM 0.09 -2.62
11 Hedera title=HBAR 0.12 -2.62
12 GMX title=GMX 30.09 -2.50
13 COMBO title=COMBO 0.69 -2.48
14 Coin98 title=C98 0.26 -2.44
15 Flux title=FLUX 0.89 -2.33
16 dogwifhat title=WIF 2.81 -2.31
17 Synthetix Network title=SNX 2.70 -1.93
18 xMoney title=UTK 0.08 -1.65
19 LeverFi title=LEVER <0.01 -1.65
20 FC Porto title=PORTO 2.51 -1.65
21 BEAMX title=BEAMX 0.02 -1.59
22 RAD title=RAD 1.71 -1.56
23 FLOKI title=FLOKI <0.01 -1.54
24 LINA title=LINA <0.01 -1.54
25 SuperRare title=RARE 0.12 -1.54
26 THORChain title=RUNE 6.90 -1.50
27 Orion title=ORN 1.40 -1.48
28 Massive Protocol title=MAV 0.37 -1.43
29 WazirX title=WRX 0.22 -1.42
30 Any Inu title=AI 1.08 -1.28

Bitcoin's Greed and Fear Index.

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73
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
2 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
3 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
4 Blockchain gaming investments reached nearly 1B in April 2024-05-18
5 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18
6 Alex Labs freezes 39M of exploited funds sent to CEXs after hack 2024-05-18
7 Ghana Singapore conduct trade in semi fungible token pilot project 2024-05-18
8 Changpeng Zhao teases writing project ahead of reporting to prison 2024-05-18
9 Crypto personality pleads guilty to fraud after promising 60 039fictitious039 returns 2024-05-18
10 Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18
11 Over 80 of recent Binance token listings are bleeding red 2024-05-17
12 Binance exec denied bail in Nigeria money laundering trial 2024-05-17
13 Sony warns 700 AI devs music streaming companies against content misuse 2024-05-17
14 How to trade crypto in the UK using Revolut X 2024-05-17
15 Binance backed Magic Square IDO platform to democratize retail investor access 2024-05-17
16 Is onboarding too hard Crypto adoption still faces major obstacles 2024-05-17
17 Bitcoin preps 039golden cross039 which last sparked 170 BTC price gains 2024-05-17
18 Dolce amp Gabbana face class action lawsuit after NFT delivery kerfuffle 2024-05-17
19 Crypto firms rally behind FIT21 bill approaching US House floor vote 2024-05-17
20 Harvard built hacker proof quantum network in Boston using existing fiber cable 2024-05-17
21 French regulator warns investors Bybit provided services illegally 2024-05-17
22 Bitwise CIO says BTC ETFs are huge success and 13F filings make him incredibly bullish 2024-05-17
23 Big miners pose a growing existential threat to Bitcoin 2024-05-17
24 VC Roundup Web3 infrastructure tokenization of everything drawing investors 2024-05-17
25 Bitcoin moves toward range highs but derivatives traders watch from the sidelines 2024-05-17
26 039Crypto King039 Aiden Pleterski faces fraud money laundering charges 2024-05-17
27 Bybits Notcoin listing debacle China firms profits up 1100 after crypto buy Asia Express 2024-05-17
28 Memecoin launcher pumpfun claims ex employee behind 19M exploit 2024-05-17
29 DTCC Chainlink complete fund data tokenization pilot with US banks 2024-05-17
30 Altcoins a relatively huge risk as days of big returns are gone say analysts 2024-05-17
31 Reentrancy attacks in smart contracts explained 2024-05-16
32 Tether TON team up with mobile app for USDT to fiat transactions 2024-05-16
33 Were just scratching the surface of crypto and AI Microsoft exec 2024-05-16
34 Regulatory crackdown spawns anti SEC 039CultureCoin039 2024-05-16
35 Animoca Brands leads 7M funding round for Param Labs 2024-05-16
36 Bitcoin shrugs off US jobs data as BTC price gives up 66K support 2024-05-16
37 OpenAIs iPhone moment trumps Google AI lies porn and dating AI Eye 2024-05-16
38 Crypto VCs are back in action amid market rally 2024-05-16
39 Ex Alameda Research co CEO calls for fair sentencing of Ryan Salame 2024-05-16
40 M2 money supply 039holds the key039 for Bitcoin039s next move Market analyst 2024-05-16
41 Mastercard Standard Chartered test tokenized deposit transaction 2024-05-16
42 First US Presidential debate planned for June 27 Will crypto be on the agenda 2024-05-16
43 Mastercard launches next generation of blockchain payments startup program 2024-05-16
44 SEC custody rule made crypto regulation a political football Rep Nickel 2024-05-16
45 FTX repayments could create bullish overhang for crypto markets K33 Research 2024-05-16
46 Bitcoin crosses 66K as traders eye 2 key indicators for 70K target 2024-05-16
47 Vanguards new boss says Bitcoin ETF not on the table Report 2024-05-16
48 Blockchain ID project Humanity Protocol hits unicorn status with 30M raise 2024-05-16
49 Eclipse founder Neel Somani replaced as CEO amid sexual misconduct claims 2024-05-16
50 Worldcoin beefs up security by open sourcing biometric data system 2024-05-15

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