Caitlin Long calls on SIM swap victims to help resurrect Wyoming bill
Caitlin Long calls on SIM swap victims to aid resurrect Wyoming beak
"A SIM swap was part of the infamous Twitter hack in July, so this is no longer just an outcome affecting the crypto industry," said Long.
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Caitlin Long, founder and CEO of Avanti Financial, is request crypto users and others to testify in support of a piece of legislation which could help stop SIM swap attacks.
In a tweet posted today, Long requested that any of her 70,500 followers who had been the victim of a SIM bandy testify for the Wyoming legislature on Dec. 16. According to the Wyoming State Legislature website, the Avanti CEO will join members of the Select Committee on Blockchain, Financial Technology and Digital Innovation Engineering science online to discuss the consequence of SIM swaps. Also in omnipresence will be Joel Revill, the CEO of Wyoming-based house Two Ocean Trust, which recently received regulatory approving to custody digital assets.
HEY PEEPS--#Wyoming legislature is considering a constabulary requiring telcos to increment IT security to finish #SIMswap scams. DC lobbyists of telcos are trying to quash information technology but Wyoming is standing up to 'em.If you've been SIM swapped & are willing to testify on December sixteen, pls message me
— Caitlin Long (@CaitlinLong_) Dec 3, 2020
According to the legislature's website, bill HBO204, entitled SIM card identity protection,died in committee but has since been returned to the Wyoming State House pursuant to the rules. The piece of legislation would brand it unlawful for telecommunication companies non to "take reasonable actions" in preventing SIM swaps.
Long told Cointelegraph that lobbyists for telecommunications companies had "killed" the SIM bandy bill final year, only the committee was working on resurrecting it based on new developments.
"A SIM bandy was part of the infamous Twitter hack in July, so this is no longer only an effect affecting the crypto industry," said Long. "It dovetails nicely with other work that the Select Commission is doing this twelvemonth on digital identity."
Several victims of expensive or invasive SIM swap attacks responded to Long on Twitter saying they would be willing to nigh appear at the Wyoming State Business firm.
Adam Pokornicky, chief operating officer at Digital Asset Investment Management, a U.Southward.-registered investment advisor for digital assets, said he would "100% prove" regarding his experience beingness hacked in June 2017. The COO reported at the fourth dimension that his email and financial accounts were compromised following hackers impersonating him with Verizon client service.
"Irresponsible that telcos haven't taken whatsoever meaningful steps to address this issue and regulators stride in," said Pokornicky.
Natalie Smolenski, an advisor for the Texas Blockchain Council, also stated that she would be willing to speak to the committee regarding her SIM swap experience. She was joined by Brittany Kaiser, a whistleblower for the Cambridge Analytica data-mining scandal and co-founder of the Own Your Data Foundation, an organization which provides digital literacy training.
One of the costlier SIM swap attacks in the crypto space happened to Michael Terpin, a blockchain and crypto investor who sued AT&T last August later on a hacker stole almost $24 meg worth of tokens. Terpin has since won $75.viii 1000000 in compensatory and castigating damages against 21-year-erstwhile hacker Nicholas Truglia, who was arrested in California in 2018 over an unrelated SIM bandy attack.
Source: https://cointelegraph.com/news/avanti-ceo-calls-on-sim-swap-victims-to-resurrect-wyoming-bill
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