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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.…

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.

Bank Info Security 1 year, 3 months ago

Breach Roundup: A WhatsApp Flaw Ushered in Spyware

Also: France Temporarily Lifts Pavel Durov's Travel Ban Amid Telegram ProbeThis week, Paragon Solutions spread through WhatsApp, France suspended Pavel Durov's travel ban, Vapor malware hit 60M Android users, state-backed hackers exploit a Windows flaw, Western Alliance Bank exposed customers data, Apple fixed a passwords bug, and a sperm bank exposed customer information.

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 Info Security 1 year, 10 months ago

Breach-Weary Snowflake Moves to MFA, 14-Character Passwords

New Security Measures Follow High-Profile Hacks of Snowflake CustomersData warehousing platform Snowflake rolled out default MFA - as well as a 14-character password minimum - to shore up security in the wake of a series of cyberattacks in June that hit high-profile customers including Santander Bank, Advance Auto Parts, LA Unified School District and Neiman Marcus.

Hauling in 30,000 staff IN PERSON to do password resets Breaking Transport for London's ongoing cyber incident has taken a dark turn as the organization confirmed that some data, including bank details, might have been accessed, and 30,000 employees' passwords will need to be reset via in-person appointments.…

In today's digital age, passwords serve as the keys to our most sensitive information, from social media accounts to banking and business systems. This immense power brings with it significant responsibility—and vulnerability

Analysts warn of big leap in cred-harvesting malware activity last year There appears to be an uptick in interest among cybercriminals in infostealers – malware designed to swipe online account passwords, financial info, and other sensitive data from infected PCs – as a relatively cheap and easy way to get a foothold in organizations' IT environments to deploy devastating ransomware.…

A 26-year-old Ukrainian man is awaiting extradition to the United States on charges that he acted as a core developer for Raccoon, a "malware-as-a-service" offering that helped paying customers steal passwords and financial data from millions of cybercrime victims. KrebsOnSecurity has learned that the defendant was busted in March 2022, after fleeing mandatory military service in Ukraine in the weeks following the Russian invasion.