Newslink : Cryptocurrency Thefts Blamed on Social Engineering Hacks of Phone Providers

A number of digital currency users have been hacked recently and the blame is being squarely placed on carrier providers. Jack Peterson, Augur developer, told CCN: 

 It’s what has happened in every single case… Their phones were  compromised first and then their emails, etc. and they had recovery  phones enabled. 

 A recovery phone number is a very popular feature for second layer added  security to any password breaches. To ensure the rightful owner gains  access, service providers send a unique text message, usually with a  time lapse period. As each phone number is unique, the reasonable  assumption is that only individuals with access to that specific phone  can know the code, but what if that assumption is wrong? ..... Read More News