SIM swap attacks continue to make headlines, with Twitter CEO Jack Dorsey becoming one of the most famous victims to date when his mobile phone number was taken over last month. Similar scams are rapidly increasing in frequency, impacting high-profile CEOs, Hollywood celebrities, cryptocurrency communities, and everyday people, as criminals take advantage of security loopholes and the vulnerabilities of 2FA (two-factor authentication) to hijack social media accounts or steal money and cryptocurrency by taking over victims’ mobile phone numbers.
This week, we announced that we are taking a stand and extending our SIM swap detection algorithms to even more consumers to protect them from a fast-growing fraud scheme that easily breaks 2FA, costing them millions in lost dollars and personal data.
In addition to battling fraud and delivering better user experiences, there is one area that is becoming mission-critical to every organization: privacy.
Thanks to all who attended our Cybersecurity After Hours Drinks at the IAPP Global Privacy Summit in Washington, DC! The event was held at Supra, a “rustic-mod” DC hotspot lauded for its Georgian cuisine and wines, and was well-attended by privacy and cybersecurity professionals from the finance, healthcare, retail, and technology sectors.
Guests learned about Payfone’s unique ability to verify identity in a completely private manner through our Zero-Knowledge architecture and network of authoritative identity verifiers. As one attendee remarked, Payfone’s capabilities sit right at the intersection of privacy and cybersecurity, enabling enterprises to protect themselves and their users against attacks without needing to pass personally identifiable information.
The specialty cocktail of the evening was our “Payfone Privacy Punch”, a refreshing elixir featuring Chacha Georgian vodka, fresh-squeezed lemon juice, pomegranate juice, tarragon “Lemonade” & orange zest. Much-needed after a long day of seminars!
Guests noshed on Supra’s signature khachapuri breads and “Makho” spreads, garlicky grilled chicken with ajika and tkemali, eggplant stuffed with walnuts and cilantro, Elarji corn meal and sulguni cheese croquettes with almond sauce, stuffed cremini mushrooms, and traditional Imeruli cheese bread.
We hope that everyone enjoyed the evening’s festivities and lively conversation around the future of privacy and cybersecurity. Thank you to IAPP for helping us to bring this event to fruition!
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