In his letter, Terpin offers his ideas on how the FCC can stop hackers. In addition to his losses, Terpin claims that more than 50 people have reached out to him with similar stories.

Writes Terpin,

  1. Mandate that all US mobile carriers cover their PINS and passwords, so that users must punch them in instead of reading them aloud to a retail clerk or call center employee…
  2. Inform all US mobile carrier customers that they can opt-in to carrier high-security plans…
  3. Initiate an immediate, comprehensive study (as was done for robocalls) with recommendations for mandatory reforms by the carriers…

Both Terpin and Pai are speakers at this year’s Mobile World Congress Americas in Los Angeles that’s taking place from October 22-24.

You can check out the full letter below published by CoinDesk.

An Open Letter to Ajit Pai by CoinDesk on Scribd

Follow us on Facebook            Join us on Telegram            Follow us on Twitter
Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.