![]() It’s not only important to play defense with the right security tools when protecting your accounts, but it’s also important to stay vigilant in the wild. That said, we encourage everyone to follow the two simple steps below and apply them to all the accounts they care about - not just their Coinbase accounts. We also believe that using SMS-based two-factor authentication (2FA) is better than using no 2FA at all. From there, fraudsters will frequently pair those SMS 2FA codes with stolen passwords to try and log into your email account, social media profiles, cloud storage accounts like Dropbox, or financial accounts like Coinbase.Īt Coinbase, we do a lot of work behind the scenes to detect and try to stop SIM-swap ATOs targeting our customers’ accounts. But how do these fraudsters get into your account in the first place? One common method is called a “SIM-swap.” In a SIM-swap attack, fraudsters will actually contact your wireless carrier pretending to be you, and persuade the customer service agent to redirect your cell service to a different device, by changing the SIM card number associated with your account (hence the name of the attack.) Once they succeed, they are able to receive all calls and SMS messages sent to your phone number - including any two-factor authentication codes sent to you via SMS. ![]() When someone is able to log into one of your accounts to perform fraudulent activity, this is called an “account takeover”, or “ATO” for short. ![]() ![]() Not only will this help protect your funds on Coinbase, it can be applied to the rest of your digital life as well! While that can sound a little scary at first, the good news is that you can dramatically improve your digital security with just a few easy steps. By Matt Muller, Head of Security Operations, CoinbaseĪs crypto trading becomes increasingly mainstream, our Security team here at Coinbase has seen cybercriminals getting even more creative and persistent in their attempts to steal assets. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |