Digibyte (DGB) - AT&T sim-jacking highlights a strong use-case for Digi-ID
By Nick Mwenda
Digibyte (DGB: Hackers are getting bolder by the day, and crypto investors are increasingly becoming a huge target of attacks. This is quite understandable considering the immense amounts of wealth that cryptos have generated in the last few years. The latest attack was targeted at crypto entrepreneur Michael Terpin who lost over $23 million in a sim jacking case.
While this loss is tragic, it also exposes the vulnerability of commonly used security features such as SMS 2-FA. Clearly, there is a need for companies and individuals to move to more advanced and tamper-proof security technologies. One such technology is Digi-ID, an open-source identification system developed by Digibyte.