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Bank Info Security 3 months, 2 weeks ago

One-Time Passcodes Are Gateway for Financial Fraud Attacks

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.

Bank Info Security 5 months, 3 weeks ago

Voice Phishing Okta Customers: ShinyHunters Claims Credit

Okta Alerts Customers' CISOs to Malicious Campaigns Seeking Single Sign-On AccessA surge in attacks that bypass some types of multifactor authentication has been tied to a new generation of voice-phishing toolkits that give attackers the ability to orchestrate what a target sees in their browser, warns a new report from Okta, which is among the services being targeted.

Bank Info Security 7 months, 3 weeks ago

Data Leaks: Why Are We So Stupid About Free Online Services?

JSON Code 'Beautifiers' Expose Sensitive Data From Banks, Government AgenciesAt what price beauty? Apparently, some developers will paste anything into "JSON beautify" sites, from researchers report recovering authentication keys, database credentials, personally identifiable information for banking customers and much more.

Bank Info Security 10 months, 2 weeks ago

Salesloft Drift Attacks Exposed Zscaler Customer Data

'Widespread Data Theft Campaign' Compromised Many Drift OAuth Tokens, Warn ExpertsThreat researchers report that "a widespread data theft campaign" traces to attackers stealing OAuth access tokens for applications integrated with Salesloft's AI chatbot Drift, then exfiltrating data. Victims include Salesforce customer Zscaler. Google Workspace instances were also breached.

Bank Info Security 2 years, 2 months ago

AI Voice Cloning Pushes 91% of Banks to Rethink Verification

BioCatch Survey Report Focuses on New AI-Based Risks and Fraud-Fighting SolutionsBanks are concerned about advancements in voice-cloning technology and the threat it poses to authentication. The failure of identity-centric solutions to combat synthetic identity fraud has convinced 91% of U.S. banks to reconsider their use of voice verification for major customers.

The Hacker News 2 years, 10 months ago

Think Your MFA and PAM Solutions Protect You? Think Again

When you roll out a security product, you assume it will fulfill its purpose. Unfortunately, however, this often turns out not to be the case. A new report, produced by Osterman Research and commissioned by Silverfort, reveals that MFA (Multi-Factor Authentication) and PAM (Privileged Access Management) solutions are almost never deployed comprehensively enough to provide resilience to identity

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