Device-based 2FA is the number one measure to protect yourself from social engineering attacks like SIM swap and phishing scams.
is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks.his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication , instead of using mobile carrier-based 2FA for example.Zhao’s warning came shortly after Uniswap founderon July 20.
Adams subsequently restored access to his account in a matter of hours. He also promised to follow up with updates when ready.In early July, LayerZero CEO Bryan Pellegrino became a victim of a SIM swap attack, which allowed hackers to take over his Twitter briefly. The execthat the attackers used his speaker badge at the Collision conference, which he happened to put in the trash.
According to blockchain security experts, the trend of social engineering hacks like SIM swap attacks could be rising in the near future.
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