What if you could protect your cryptocurrency from hackers with just a few simple security measures? That’s what we’re diving into today in our exploration of the fascinating yet terrifying world of SIM Swaps and cryptocurrency security. We’ll shed light on a real-life cautionary tale of a victim who lost his cryptocurrency to these cunning cyber con artists and the ingenious way they laundered the stolen funds. Discover why you should never use your phone numbers for authentication and what you can do to protect yourself.
As we journey further, we’ll unravel the complex web of crypto regulations and vendor risk management. With the SEC guidelines causing confusion, we’ll debate the need for a more regulated crypto environment. Learn about the critical process of vendor vetting in industries dealing with confidential data. We’ll also reveal the SPRS scoring system for assessing vendor security and why you must be assertive with vendors that don’t prioritize security. Remember, when it comes to securing your crypto assets, the mantra should be “don’t trust, verify.” So, gear up for an enlightening episode that will help you navigate the murky waters of cryptocurrency security.
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