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Bank Info Security 6 months, 1 week ago

Missing MFA Strikes Again: Hacker Hits Collaboration Tools

Terabytes of Data Stolen From Cloud-Based Collaboration Tools, Researchers WarnDozens of organizations that use real-time content collaboration platforms appear to have lost not only credentials but also terabytes of hosted data to information-stealing malware being wielded by an initial access broker with a sideline in auctioning large volumes of stolen data.

Bank Info Security 11 months, 3 weeks ago

The MFA Illusion: Rethinking Identity for Non-Human Agents

As Agentic AI Takes Over Workflows, Traditional Authentication Practices Fall ShortThe explosion of agentic AI and autonomous bots to orchestrate cross-system tasks is turning MFA into a brittle defense. Non-human identities often bypass human-centric security controls, operating with static credentials and undefined ownership, creating exploitable identity risks.

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.

Push Fatigue Attacks Succeed 5% of the Time, Surge in the Morning, Researchers FindMultifactor authentication is a must-have security defense for repelling outright credential stuffing and password spraying attacks. But no defense is foolproof. Attackers have been refining their tactics for bypassing MFA, including using technology and trickery.

Bank Info Security 2 years, 1 month ago

Australian Regulators Detail Medibank Hack: VPN Lacked MFA

Court Filing: Threat Actor Stole Admin Credentials From IT Service Desk ContractorMedibank's lack of MFA on its global VPN allowed a hacker to use credentials stolen from an IT services desk contractor to access the private health insurer's IT systems in 2022, leading to a dark web data leak affecting 9.7 million individuals, Australian regulators said in court documents.

Bank Info Security 2 years, 4 months ago

Breach at Aussie Telecom Tangerine Affects 232,000 Customers

Customer Accounts Were Secured by MFA, But Contractor's Credentials Exposed DataAustralian telecom company Tangerine is blaming the compromise of a third-party contractor's credentials for exposing personal information of 232,000 customers, which had been stored in a legacy database. The breach exposed customers' names, birthdates, mobile numbers, addresses and account numbers.