Researchers from Positive Technologies recently showed Forbes how, using only a name and a phone number, hackers are able to compromise someone’s Google account, and use it to get to that person’s bitcoins or bank account.
Hackers can do this using a flaw in the global telecoms network, that affects what’s known as Signaling System No. 7 (SS7). In a demonstration video, researchers were able to take control of a Coinbase account and do whatever they wanted to with its funds, via an SS7 flaw. Taking into account that Coinbase has over 10.4 million users, a lot of bitcoiners are at risk.
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