Summary
TLDR: Cloaked Wireless, a mobile virtual network operator, is implementing robust measures to prevent SIM swap attacks and port-out fraud, including accepting Bitcoin as payment. While they lack a proven track record, the industry as a whole is working to combat SIM swap fraud, with collaborations between companies like Telefónica and Chainlink Labs. Recent incidents, such as the FTX exchange hack, highlight the need for enhanced security protocols in the telecommunications sector.
Key Points
1. Cloaked Wireless, a mobile virtual network operator (MVNO), focuses on preventing SIM-Swap issues and port-out attacks by implementing robust security measures.
2. The company accepts Bitcoin as a payment method, demonstrating its crypto-friendly approach in the US telecommunications sector.
3. Cloaked Wireless collaborates with crypto, privacy, and security specialists to enhance mobile security and combat SIM swap attacks.