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June 2, 2020 04:50 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/9CmpliYoYkA/hackers-plan-to-use-stolen-cryptocurrency-exchange-data-for-sim-swapping
Hackers Plan To Use Stolen Cryptocurrency Exchange Data for SIM Swapping
Hackers who obtained personal data on users of Canadian cryptocurrency exchange Coinsquare say they plan to use the information to perform so-called SIM swapping attacks, according to one of the hackers. Motherboard: The news shows hackers' continued interest in trying to leverage security issues with telecom-based forms of authentication. In a SIM swapping attack, a hacker takes control of a target's phone number, which then gives them the ability to request password resets for some websites or a victim's two-factor authentication code. Often, SIM swappers will use these techniques to steal cryptocurrency. The breach also signals the continued risk of insider access, with Coinsquare telling Motherboard a former employee was responsible for stealing the data. "The original intent was to sell it [the data] but we figured we would make more money by SIM swapping the accounts," a pseudonymous hacker who provided the Coinsquare data to Motherboard said in an online chat.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/9CmpliYoYkA/hackers-plan-to-use-stolen-cryptocurrency-exchange-data-for-sim-swapping
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