DANGERS of SIM Swaps: How Hackers Steal Bitcoin From Exchange Accounts

Do you understand the dangers around SIM swaps? In this sponsored episode, Nik interviews Mark Kreitzman of Efani to discuss mobile security, bitcoin theft, social engineering hackers, and SIM swaps. Mark experienced a SIM swap that resulted in Bitcoin theft several years ago which led him to Efani. Learn about illegal SIM swapping, data breaches, and why it's so crucial to keep Bitcoin in cold storage to prevent theft.

The Bitcoin Layer is a bitcoin and global macroeconomic research firm.

The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don’t pay more taxes than you have to. Talk to us today.

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Efani delivers premium mobile service with unparalleled protection against SIM swaps and privacy invasions. Use code TBL at checkout for $99 off the Efani SAFE Plan. https://www.efani.com/tbl?utm_source=...

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The Bitcoin Layer and its guests do not provide investment advice.

Chapters:
00:00:00 - Data Security and Sim Swapping
00:03:23 - Sim Swapping and Data Breaches
00:06:33 - Massive Data Breaches and SIM Swapping Risks
00:09:40 - Preventing Unauthorized Phone Number Release
00:12:55 - 11 Layers of Verification
00:16:03 - Tips for Securing Your Bitcoin
00:19:01 - Bitcoin and Sim Swapping
00:22:13 - The Chaotic Nature of Banks
00:25:27 - Ensuring Mobile Security with Separate Email IDs