The most obvious danger that comes to mind when discussing virtual currency is suddenly not being able to pay or be paid when you need to because the entire Bitcoin network shuts down. Now, the most pressing danger is behind the rising number of so-called phone hijackings.

This is when a criminal gains access In one case, one user lost millions and his cell phone number within minutes. But a 2016 report from the Federal Trade Commission Chief Technologist and a recent New York Times article shed light on the most concerning part about the rising hacker crime rates. And that is the worrying silence from the majority of phone hacker victims who have not wanted to acknowledge it publicly for fear of provoking their adversaries. Again, we are reminded of the importance of privacy ensured by cash. 

Excerpt from Your mobile phone account could be hijacked by an identity thief by Lorrie Cranor, FTC Chief Technologist (Jun 7, 2016)Â