Identity Thieves Hijack Cellphone Accounts to Go After Virtual Currency

Hackers have discovered that one of the most central elements of online security — the mobile phone number — is also one of the easiest to steal.

In a growing number of online attacks, hackers have been calling up Verizon, T-Mobile U.S., Sprint and AT&T and asking them to transfer control of a victim’s phone number to a device under the control of the hackers.

Once they get control of the phone number, they can reset the passwords on every account that uses the phone number as a security backup — as services like Google, Twitter and Facebook suggest.
https://www.nytimes.com/2017/08/21/business/dealbook/phone-hack-bitcoin-virtual-currency.html

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