Telefónica has announced a new partnership with Chainlink (LINK), to ensure security against hacks, such as “SIM Swap”.
Telefónica and Chainlink: increased security against SIM Swap hacks
Telefónica, the renowned telecommunications service provider, has announced its partnership with the decentralized oracle network Chainlink.
The goal is to increase security against hacks and exploits related to Web3, including “SIM Swap” attacks.
With “SIM Swap”, we mean a form of hacking based on identity theft and false impersonation of the owner of a financial account.
Specifically, the Telefónica and Chainlink alliance will enable the secure connection of Web3 smart contracts with other APIs of the GSMA Open Gateway.
The GSMA is an organization that brings together over 1,000 mobile operators and companies and has launched the GSMA Open Gateway: the APIs to help bring telecommunications technologies into the Web3 ecosystem.
The initiative aims to prevent exploits such as “
We współpracy z: https://en.cryptonomist.ch/2024/02/15/telefonica-integrates-chainlink-to-counter-hacks-like-sim-swap/
