Friend.tech introduces a new feature to enhance user security next Cryptocurrency scrgruppen

Friend.tech team is taking an important step towards enhancing user security by introducing the Two-Factor Authentication (2FA) password feature.

This security improvement aims to protect users from the growing threat of SIM swapping attacks, which has been plaguing the platform recently.

Friend.tech offers two-factor authentication (2FA) passwords.

The move comes in response to a series of SIM swap attacks targeting Friend.tech users since September. These attacks involve hackers taking control of users’ phone numbers, bypassing security measures, and gaining unauthorized access to accounts. The consequences were devastating, with some users losing valuable digital assets.

You can now add a 2FA password to your account https://t.co/YOHabcBL3H An account for extra protection in case your carrier or email service is compromised.

friendstech and Privy cannot reset these passwords, so please be careful when using this feature pic.twitter.com/g0m2E4att2

– friends.tech (@friendtech) October 9, 2023

To address these security concerns, Friend.tech announced the addition of two-factor authentication passwords in an October 9 post on its official social media account. This new feature allows users to add an extra layer of protection to their Friend.tech accounts. If a user’s mobile network or email service is compromised, a two-factor authentication password will protect them from authorized access.

Users will also be required to set up a two-factor authentication (2FA) password when logging into new devices, providing an additional barrier against potential attacks. Notably, the Friend.tech and Privy teams cannot reset two-factor authentication passwords, which puts the responsibility squarely in the hands of users.

The decision to implement two-factor authentication was met with mixed reactions. While some users applauded the move, others criticized Friend.tech for not acting sooner. Prominent platform creator 0xCaptainLevi expressed optimism about the new security feature, stressing that two-factor authentication is a “big deal” that could help raise the social media platform’s security and popularity.

How SIM swap attacks exploit Friend.tech users

In a separate thread from X, Blockworks founder Jason Yanowitz shed light on one of the ways in which SIM swap attacks are organized. Hackers send text messages to users asking for permission to change their phone numbers. Users can reply “Yes” to agree to the change or “No” to reject it.

If the user answers no, they will receive a real verification code from Friend.tech and be asked to send it to the scammer’s number. Manipulation puts users at risk of losing control of their accounts and digital assets.

Someone is trying to hack my account @friendtech

1) A text message was sent saying they are changing my number

2) I answer no

3) They say to confirm no, send verification code

4) Get the actual verification code from your tech friend

5) After no response, they texted again saying they would automatically… pic.twitter.com/j76vI969jP

– Yanow (@JasonYanowitz) October 8, 2023

By offering 2FA password protection, Friend.tech aims to enhance the security of its platform and give users greater peace of mind. The new feature ensures that even if cellular carriers or email services are hacked, Friend.tech accounts remain safe.