Small Crypto Investors Suffer As Hackers Increasingly Target Phone Numbers
Hackers, for the most part, usually target institutional crypto investors and exchanges. But since the adoption of cryptocurrencies like Bitcoin became more mainstream, these hackers started targeting small individual investors. Related Reading | Hackers Are Now Trying To Steal Crypto Via Malicious NFTs They hack random people through SIM swaps or switching a phone number from […]
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Hackers are changing their game plan. By using a person’s phone number they can now gain access and steal money from someone’s bank account to bitcoin. In a report from Forbes, which highlights the story of Colombian Jered Kenna, hackers were able to move his mobile phone number, after faking his identity, transferring it from T-Mobile to a carrier known as Bandwidth, which was linked to the hacker’s Google voice account. The hackers then subsequently proceeded to reset Kenna’s email passwords before locking him out of 30 other accounts, which included two banks, PayPal, two bitcoin....
Asset managers, hedge funds, and high net-worth individuals (HNWIs) have been dipping their toes in cryptocurrencies. DeVere Group CEO Nigel Green recently said that there is a “growing retail and institutional demand for cryptocurrencies because it is becoming increasingly clear that the shift towards borderless, global digital currencies is inevitable.” Convenience and security With institutional investors flocking to own digital assets, security measures have come into the spotlight. Though the blockchain itself is highly secure, hackers frequently manage to steal funds by exploiting....
In a society that is increasingly reliant on mobility, the privacy of information is of utmost importance. Now, thanks to FreedomPop, there is a solution that gives mobile users government level security. With a platform that is based on privacy, FreedomPop's Privacy Phone, nicknamed "The Snowden Phone," allows mobile users to take advantage of encrypted mobile service. The Snowden Phone is able to protect your privacy from hackers, government agencies and spyware, ensuring your internet, voice calls and texts are secure and encrypted. In a company press release, FreedomPop stated, "We....
Scammers have been using advanced hacking bots on Telegram designed to trick investors into divulging their two-factor authentication, leading to accounts being locked and wiped out. Cybercriminals are using bots purchased on Telegram to trick users into giving them access to their cryptocurrency accounts. According to a report from cybersecurity firm Intel471, One Time Password (OTP) bots are “remarkably easy to use” and are relatively inexpensive to operate relative to the amount that can be earned from a successful attack. A Telegram bot known as ‘BloodOTPbot’ charges a monthly fee of....
Crypto hackers have been making off with billions of dollars from the market every year. These hackers who find vulnerabilities in the products being used by investors have been known to cart away hundreds of millions at a time. 2022 has proven to be no different from these hackers who have ramped up their efforts. […]