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Fraudulent SIM swaps are already being done and it's a lot less sophisticated than this - just show up to a store with a fake ID (or bribe the low-wage employee who isn't paid enough to give a shit so I can't really blame them).


Your SMS based 2FA is only as secure as the lowest paid employee at a cell phone store.


Lowest paid employee at the store? How about lowest paid idiot at the outsourced customer "service" centre.




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