This is why you shouldn’t use texts for two-factor authentication

For a long time, security experts have warned that text messages are vulnerable to hijacking — and this morning, they showed what it looks like in practice. A demonstration video posted by Positive Technologies (and first reported by Forbes) shows how easy it is to hack into a bitcoin wallet by intercepting text messages in transit.
The group targeted a Coinbase account protected by two-factor authentication, which was registered to a Gmail account also protected by two-factor. By exploiti