SIM Swapping

Sim swapping, also known as SIM hijacking, is a form of identity theft that targets individuals with cryptocurrency holdings. The attacker impersonates the victim and convinces the mobile network operator to transfer the victim's phone number to a SIM card controlled by the attacker. With control of the victim's phone number, the attacker can reset passwords and gain access to accounts that use two-factor authentication (2FA) via SMS. How Does Sim Swapping Work? The process of sim swapping starts with…