Cryptocurrency Q&A
Can hackers intercept OTP?
Can hackers intercept OTP?
EthereumEmpire
Wed Oct 09 2024
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6 answers
1571
Can hackers really intercept One-Time Passwords (OTPs) that are commonly used for added security in financial transactions and cryptocurrency exchanges? With the increasing sophistication of cyber attacks, it's a valid concern for many users. OTPs are designed to provide an extra layer of protection by generating a unique, one-time code that expires quickly. But are they truly invulnerable to hackers? Could they potentially be intercepted through phishing scams, malware infections, or even more advanced techniques like man-in-the-middle attacks? Understanding the risks and limitations of OTPs is crucial for staying SAFE in the digital age.
6 answers
ZenMindful
Fri Oct 11 2024
The security of valuable accounts, such as those held in banks, is paramount in the digital age. Attackers constantly seek ways to infiltrate these systems and steal sensitive information.
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Margherita
Fri Oct 11 2024
One method employed by attackers is to intercept the One-Time Password (OTP) sent via text message to account holders. OTPs are used as an additional layer of security, but they can be compromised if not handled securely.
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Enrico
Thu Oct 10 2024
A common technique for intercepting OTPs is SIM swapping, where an attacker registers a new SIM card under the victim's phone number. This allows the attacker to receive any text messages sent to the victim's phone, including OTPs.
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Sara
Thu Oct 10 2024
Another method is to launch an attack on the operator's service network, exploiting vulnerabilities in the SS7 (Signaling System No. 7) communications protocol. SS7 is a global system used by telecommunication networks to communicate with each other and exchange information.
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CoinMaster
Thu Oct 10 2024
The SS7 protocol is a critical component of the telecommunications infrastructure, but it has been known to have security flaws that can be exploited by attackers. By exploiting these flaws, attackers can intercept and redirect text messages, including OTPs.
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