Can swapping sim cards lead to unauthorized access to my crypto assets?

3 answers

• Mar 19, 2022 · 3 years ago
  Yes, swapping sim cards can indeed lead to unauthorized access to your crypto assets. When someone swaps your sim card, they gain control over your phone number, which can be used to reset passwords and gain access to your accounts. To protect yourself, make sure to use strong and unique passwords, enable two-factor authentication, and consider using a hardware wallet to store your crypto assets.
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• Mar 19, 2022 · 3 years ago
  Swapping sim cards can be a serious security risk for your crypto assets. Hackers can use social engineering techniques to convince your mobile service provider to transfer your phone number to a new sim card under their control. Once they have control over your phone number, they can reset passwords and gain access to your crypto accounts. To protect yourself, contact your mobile service provider and ask them to add extra security measures to your account, such as requiring a PIN or password before making any changes.
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• Mar 19, 2022 · 3 years ago
  Absolutely! Swapping sim cards is a common method used by hackers to gain unauthorized access to crypto assets. By taking control of your phone number, they can intercept SMS verification codes and gain access to your accounts. To protect yourself, consider using alternative methods of two-factor authentication, such as authenticator apps or hardware tokens, which are not reliant on your phone number. Additionally, regularly monitor your accounts for any suspicious activity and enable notifications for any changes made to your account settings.
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