Hackers Use Cell Phone Numbers To Swipe Bitcoin

Hackers Swipe Bitcoin by Stealing Your Cell Phone Number First – Inc.com

http://news.google.com Wed, 23 Aug 2017 14:52:04 GMT

It seems that there is no area that persistent hackers can’t penetrate.  Take a look at how hackers are now stealing Bitcoin.

The mobile phone number has become an important part of online security, but for virtual currency investors and entrepreneurs, their cell number is their biggest security weakness.

Hackers are identifying bitcoin and other virtual currency investors and users online, figuring out which telecommunications provider they use, and convincing a cell provider customer service agent to transfer the number to a provider and device under the hacker’s control, Forbes has reported. Most virtual currency wallets require users to confirm their identity with their phone number through two-factor authentication, so a hacker can steal a person’s bitcoin once they successfully port a number to their own device and change the password to the person’s virtual currency.

You can read the complete article by clicking on the link below.

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