this post was submitted on 17 Oct 2024
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Here’s how SIM swap in alleged bitcoin pump-and-dump scheme worked (arstechnica.com)
submitted 4 weeks ago by Xatolos@reddthat.com to c/technology@lemmy.world
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[–] cacheson@piefed.social 5 points 4 weeks ago

Ah, gotcha. Those are one-time passwords. Same acronym, so it's easy to confuse them.

But yeah, I agree that everything should use (T)OTP for two-factor authentication, instead of SMS messages. The later mainly provides a false sense of security and presents only a minor hurdle for attackers to overcome.