Overview
Partner Andrew Adams recently authored an article published by CoinDesk, “The FTX Hack: The Unsolved SIM Swap Mystery.” The article discusses scrutiny on crypto firms clamping down on a scourge of identity-hacks due to new rules from the US Securities and Exchange Commission (SEC) and Federal Communications Commission (FCC), and the former’s own SIM swap incident.
In the article, Adams says: “Federal regulators in the US are increasingly attuned to the dangers posed by systems that rely on privacy protection procedures that are vulnerable to SIM swaps. The FCC is pursuing new rules while the SEC’s recent cybersecurity regulations will likely require companies to up their privacy game in the face of this specific threat. Indeed, the SEC is all the more motivated now, perhaps, given its own recent SIM swap fiasco.”
