Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
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Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#2I feel for him.
But couldn't they reasonably argue they are not a service for securing this kind of thing?
If i leave $224m in my car and park it in car park at my local shopping centre are they liable for $224m?
I'm not saying they're not liable to some extent.
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#3I feel for him. But couldn't they reasonably argue they are not a service for securing this kind of thing? If i leave $224m in my car and park it in car park at my local shopping centre are they liable for $224m? I'm not saying they're not liable to some extent.
It's more he parked it at the dealership, and the dealership made a stranger a spare key to get into the car.
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#4> Have your own guy impersonate you and get your $24 million stolen
> Sue At&T for $224 million
> ???
> Profit
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#5I feel for him. But couldn't they reasonably argue they are not a service for securing this kind of thing? If i leave $224m in my car and park it in car park at my local shopping centre are they liable for $224m? I'm not saying they're not liable to some extent.
It's more he parked it at the dealership, and the dealership made a stranger a spare key to get into the car.
Even more analogously in my opinion: someone walked into the dealer, said "hey, transfer the keyless entry for my car to this fob right here" and they did.
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#6Wasn't it like a year ago that famous YouTubers and such were getting their accounts stolen the exact same way and AT&T promised they would tighten up security measures?
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#7I’m not sure if he has any legal recourse against AT&T, but it’s another example why sms based 2FA is a bad security scheme, especially if you’re a high value target.
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#8Publicity and tens of millions in Bitcoin /Ethereum++ is a bad idea. Especially since once it's gone it's gone. Hacking your account means FU money and then some, with less chance of getting caught than other crimes. So they have all the incentive in the world to take heir sweet time...even if they lost 50% laundering, it's still more than enough.
I'm all for At&t to be held responsible if they broke security protocols. They charge an arm and a leg
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#9I’m not sure if he has any legal recourse against AT&T, but it’s another example why sms based 2FA is a bad security scheme, especially if you’re a high value target.
In the US it is trivial to hijack any mobile number's SMS traffic. It takes less than a minute. SMS as 2FA should never ever be used by anyone.
Re: Cryptocurrency investor robbed via his cellphone account sues AT&T for $224M
#10I’m not sure if he has any legal recourse against AT&T, but it’s another example why sms based 2FA is a bad security scheme, especially if you’re a high value target.
any system that involves coins being stored online in an unencrpypted manner is bad security unless it's a small amount of $