Latest cybersecurity reporting from selected sources.

Article 9 of DORA makes authentication and access control a legal obligation for EU financial entities. Here is what the regulation requires, and what a breach looks like when those controls are missing. [...]

Report Reveals Growing Trend of Fraudsters Intercepting SMS-Based VerificationFinancial institutions have historically relied on one-time passcodes as a primary authentication control for their accountholders. But OTP verification is less reliable as fraudsters increasingly exploit SMS-based verification weaknesses to carry out account takeover and payment fraud schemes.

Threat actors are targeting technology, manufacturing, and financial organizations in campaigns that combine device code phishing and voice phishing (vishing) to abuse the OAuth 2.0 Device Authorization flow and compromise Microsoft Entra accounts. [...]

Fraud Specialist David Barnhardt on Addressing Authentication Risks of Agentic AIFinancial institutions are racing to deploy AI agents that can initiate payments, approve transactions and freeze accounts. But traditional authentication frameworks assume there's a human on the other end. As agentic AI use grows, banks are facing an authentication crisis that demands new controls.

Experts Advise Moving From Verifying Identities to Knowing Agent IntentionsFinancial institutions are rushing to deploy AI agents capable of autonomously initiating transactions, approving payments and freezing accounts in real time. But AI agents are creating a "dual authentication crisis" that traditional security frameworks cannot address.

Passwords and app-based MFA add hidden costs through lost productivity, frequent resets, and risk of phishing and social engineering attacks. Token explains how wireless biometric, passwordless authentication eliminates credential-based attacks and delivers measurable financial returns by reducing login time across the enterprise. [...]

Wanna know a secret? Whether you're logging into your bank, health insurance, or even your email, most services today do not live by passwords alone. Now commonplace, multifactor authentication (MFA) requires users to enter a second or third proof of identity. However, not all forms of MFA are created equal, and the one-time passwords orgs send to your phone have holes so big you could drive a truck through them.…

AI agents promise to automate everything from financial reconciliations to incident response. Yet every time an AI agent spins up a workflow, it has to authenticate somewhere; often with a high-privilege API key, OAuth token, or service account that defenders can’t easily see. These “invisible” non-human identities (NHIs) now outnumber human accounts in most cloud environments, and they have

Banking Sector Faces Challenges in Meeting March 2026 Compliance DeadlineThe Central Bank of UAE has issued a directive asking financial institutions to eliminate weak authentication methods including SMS and email OTPs. Banks are also expected to implement real-time fraud monitoring and suspend sessions when malicious activity is detected.

Machine Learning, Generative AI Bolster Continuous User AuthenticationFinancial institutions can use AI-fueled behavioral biometrics for real-time identity assurance. By continuously profiling how users interact with devices, firms can shift from one-time authentication to real-time identity assurance, turning every click, pause and keystroke into a frontline defense.

Hackers Bypass MFA to Steal Australians' Banking CredentialsMelbourne-based ANZ Bank will introduce passwordless authentication for digital banking services amid news that hackers have stolen the banking credentials of tens of thousands of Australians. Cybercriminals used infostealer malware to steal the credentials of more than 30,000 Australians.

The interest in passwordless authentication has increased due to the rise of hybrid work environments and widespread digitization. This has led to a greater need for reliable data security and user-friendly interfaces. Without these measures, organizations are at risk of experiencing data breaches, leaks, and significant financial losses.  While traditional password-based systems offer

Bank customers in the Central Asia region have been targeted by a new strain of Android malware codenamed Ajina.Banker since at least November 2024 with the goal of harvesting financial information and intercepting two-factor authentication (2FA) messages

SMS OTPs are overused, so bring on the tokens and biometrics India's central bank on Wednesday proposed a requirement for dynamically generated second authentication factors for most digital payments.…

Ticketmaster, Santander Bank, and other large firms suffer data leaks from a large cloud-based service, underscoring that companies need to pay attention to authentication.

Cryptocurrency apps were the most high risk for exposing sensitive information, a reverse-engineering study shows.

In today's digital age, it's not just about being online but how securely your organization operates online. Regardless of size or industry, every organization heavily depends on digital assets. The digital realm is where business takes place, from financial transactions to confidential data storage

National Savings & Investment contracting for massive tech deals as customers complain of 2FA failure The UK National Savings and Investment bank is being bombarded with complaints over failing online security and authentication features which customers say have locked them out of their accounts.…

Four in five breaches down to compromised credentials, research finds

New research report finds most financial organizations have experienced a breach due to an authentication weakness, yet only a third took action