The recent hack on high profile Twitter accounts that saw over $120,000 in Bitcoin lost into the hands of scammers has just got the voice of software guru and former US presidential aspirant John McAfee.
Renowned Crypto baron John McAfee has taken to Twitter to express how he feels about the recent Twitter hack, which saw accounts of prominent people in the crypto space and the world hijacked to perpetrate Bitcoin giveaway scams.
Recall that Wednesday 15th of July, 2020, will forever linger in the heart of crypto enthusiasts and the entire public as a day that the prominent micro-blogging platform, Twitter, was taken over by some mischievous hackers.
Even though Twitter has regained control later, unsuspected users of the social media platform have already lost enormous amount into the hands of the hackers. However, unceremonious but chaotic incident raised numerous reactions from experts in the crypto space and beyond.
Speaking about the hack from a security angle, McAfee said the Twitter security Achilles heels are in the Two-Factor Authentication (2FA) which exposes users’ data to minor SIM swap hack.
SIM Swap hack is a common and effective theft technique used by hackers to rob cryptocurrency investors and traders of their earnings. Several million dollar worth of cryptocurrencies have been lost through SIM swap hack.
McAfee pointed out that Twitter CEO and Founder, Jack Dorsey, was once a victim of SIM swap hack which led to the compromise of his personal Twitter account for about 20 minutes.
The McAfee AntiVirus inventor went on to issue a warning on the danger of 2FA, he reiterated that the use of phone numbers for authentication is risky because anybody regardless of age could break into the phone company’s database to extract users’ phone number.
According to the McAfee, SIM swap hack is the simplest of all social engineering hack and could be carried out even by a 12-years-old. He, however, implore the general public to desist from giving out their phone numbers to companies for verification.
He urged the Twitter CEO to wake up and probably find a better stronger substitute for the 2FA.