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Bank Info Security 5 months, 2 weeks ago

ISMG Editors: Real-Time Vishing Is Breaking MFA

Also: Why AI Agents Are Colliding, What Good Governance Ought to Look LikeIn this week's panel, four ISMG editors discussed real-time vishing attacks that are defeating MFA, the growing problem of AI agents making conflicting decisions inside of enterprises and why the next phase of AI adoption depends on governance, accountability and control.

Trellix's John Fokker Advises CISOs to Prioritize Patching, MFA, Network VisibilityThreat actors aren't rushing to adopt AI tools to exploit vulnerabilities. "They still prefer a victim with weak passwords, bad MFA, bad patching. It is the easiest way to make money for criminals so they don't have to invest in AI," said John Fokker, head of threat intelligence at Trellix.

AICD's Figueroa on Business-Focused Communication for Authentication ProgressModern phishing tactics now leverage voice, SMS and AI-powered impersonation, yet many Asia-Pacific organizations continue relying on vulnerable single-factor authentication, said Marco Figueroa, senior manager of cyber security, risk and compliance at the Australian Institute of Company Directors.

Multi-factor authentication (MFA) has quickly become the standard for securing business accounts. Once a niche security measure, adoption is on the rise across industries. But while it’s undeniably effective at keeping bad actors out, the implementation of MFA solutions can be a tangled mess of competing designs and ideas. For businesses and employees, the reality is that MFA sometimes feels

Watchdog alleged it had no SIEM or MFA, orders rapid adoption of basic infosec tools GoDaddy has failed to protect its web-hosting platform with even basic infosec tools and practices since 2018, according to the FTC, but the internet giant won’t face any immediate consequences for its many alleged acts of omission.…

In case anyone forgot about Change Healthcare American hospitals and healthcare organizations would be required to adopt multi-factor authentication (MFA) and other minimum cybersecurity standards under new legislation proposed by a bipartisan group of US senators. …

Attackers are increasingly turning to session hijacking to get around widespread MFA adoption. The data supports this, as: 147,000 token replay attacks were detected by Microsoft in 2023, a 111% increase year-over-year (Microsoft).  Attacks on session cookies now happen in the same order of magnitude as password-based attacks (Google)