👀 SIM swapping hacks are likely to continue to grow if telecom providers do not lift security standards, crypto security executives agree.
According to CertiK’s exec, SIM swap hacking can often be done with information that is publicly available or can be obtained through social engineering.
SlowMist’s 23pds agreed that SIM swapping doesn’t require high-level technical skills. He also noted that such SIM swaps are “prevalent even in the Web2 world,” so it's “not surprising” to see it emerge in the Web3 environment as well.
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