• Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact
Wednesday, June 4, 2025
FinCurrency
No Result
View All Result
  • Home
  • News
  • Finance
  • Economy
  • Crypto
  • Home
  • News
  • Finance
  • Economy
  • Crypto
No Result
View All Result
FinCurrency
No Result
View All Result

How to Eliminate Phone Number Risks

Andras Crow-Hreidar by Andras Crow-Hreidar
December 3, 2024
in Crypto, News
Reading Time: 2 mins read
A A
0
Coinbase Wallet Set to Launch Tap and Pay Crypto Feature, With ETH L-2 Innovations
0
SHARES
0
VIEWS
FacebookTweetPinShareShare

In the ever-evolving landscape of digital security, ensuring the protection of user accounts from malicious threats has become a paramount concern. The Product Director of Coinbase has emphasized the significance of using accounts protected with hardware security keys, recognizing them as the pinnacle of security against hackers. Unlike two-factor authentication (2FA) methods that rely on short messages or other digital techniques, which are susceptible to hacking and social engineering, hardware security keys provide an almost impenetrable fortress of protection.

Why Phone-Number Linked Accounts Are a Security Risk

The integration of phone numbers with user accounts poses a substantial security risk. On-chain analyst ZachXBT has raised a crucial point, urging Coinbase to eliminate the feature of phone number connections to accounts. The removal of this feature could significantly hinder social engineering scams, which often commence through phishing calls or messages falsely claiming to be from Coinbase support.

blockdag 70m

Social engineering remains a dominant threat, exploiting vulnerabilities inherent in security systems like SMS-based 2FA. Fraudsters often deceive users into divulging their account details, leading to unauthorized account access and financial loss. Hardware security keys effectively mitigate such breaches by necessitating physical devices or gadgets for system access, thereby reducing the likelihood of successful hacking attempts.

To reinforce security, Coinbase has been actively advocating for the adoption of these keys among its user base. This initiative aligns with broader efforts to elevate security standards amidst the rising threats targeting crypto investors.

  • Also Read:
  • Don’t Fall for XRP Scams: Ripple Reveals Tips, Red Flags, and More!

Coinbase’s Move to Strengthen Crypto Asset Protection

In a bid to eliminate threats stemming from accounts linked to phone numbers, Coinbase is making strides to bolster user trust and safeguard their assets in the increasingly high-risk crypto environment. The move towards enhanced security measures reflects a proactive approach to shielding users from potential vulnerabilities.

Follow Us for Inspiring Posts and Stories

Stay updated with our latest posts and stories aimed at providing insightful information and guidance in the realm of digital security and cryptocurrency. By keeping informed, users can better navigate the complexities of the crypto world with confidence and security.

Tags: Hack
Previous Post

Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains

Next Post

Charting The Roadmap Of BTC To $150,000 By 2025

Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems.As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

Next Post
Bitcoin Retail Activity Soars After 4-Month Slump—Would A 72% Rally Follow?

Charting The Roadmap Of BTC To $150,000 By 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Popular News

  • How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    How BlockDAG’s Community-First Strategy Raised $68.3M in Presale; Cardano To Roll out New Update & Solana Price Prediction Bullish

    0 shares
    Share 0 Tweet 0
  • Top 10 Altcoins Under $1 to Invest in 2025

    0 shares
    Share 0 Tweet 0
  • Vanguard Routing Number: How to Find and Use It

    0 shares
    Share 0 Tweet 0
  • Alex Mashinsky Net Worth: From Tech Pioneer to Legal Battle

    0 shares
    Share 0 Tweet 0
  • How to Earn Passive Income? Embrace the Future of Passive Income and Earn 20% Instant USDT with Caged Beasts Coin

    0 shares
    Share 0 Tweet 0

Recent News

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025
FinCurrency Logo White Mode Retina Mobile

FinCurrency is a user-friendly platform that stands out as a unique source where our strong team of experienced and academically qualified writers, who are experts in their fields, analyze current issues and global affairs related to the finance and crypto world in an enjoyable and non-technical approach.

$12k Void Opens Up Possibility Of Crash Toward $75,000

$12k Void Opens Up Possibility Of Crash Toward $75,000

January 11, 2025
Phishing, Fake Mining Scams, and $474K Loss in One Week

Phishing, Fake Mining Scams, and $474K Loss in One Week

January 11, 2025
3 kleine crypto’s met potentie

3 kleine crypto’s met potentie

January 11, 2025
Unbelievable 1000x Return in Just 12 Hours!

Crypto Whale Bags $4.9M in Profit with Solana’s AI Meme Coin

January 11, 2025

WARNING:

The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

  • Home
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Team
  • Contact

© 2024 FinCurrency - Global News

No Result
View All Result
  • Home
  • News
  • Economy
  • Finance
  • Crypto
  • Technology
  • Terms and Conditions
  • Contact

© 2024 FinCurrency - Global News

Banner 1
Banner 2
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Terms and Conditions.