Reports: Phone Hijackings Lead to Crypto Thefts

Crime, FinTech, News | August 23, 2017 By:

Cryptocurrency exchanges apparently have a new security headache: mobile phone numbers.

Several published reports have indicated that hackers are hijacking phones by an old-fashioned scam – calling up telecommunications service providers, posing as the customer, and getting the phone number transferred to a device controlled by the hacker.