New FCC Regulations: Increased Risk of Crypto Attacks via Phone Accounts?
- The Federal Communications Commission (FCC) is proposing new regulations to combat robocalls.
- The regulations require voice service providers to collect and store detailed personal information of customers (name, address, ID number, alternative phone number).
- While the intention is good, the accumulation of such a large amount of personal data could make phone accounts more attractive targets for hackers.
- This raises the risk of crypto-related accounts being attacked, as hackers might exploit this information to access or seize users' crypto assets.
- The FCC proposes a data retention period of 4 years after the customer relationship ends.
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Source: CryptoSlate