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Verizon’s annual Data Breach Investigations Report uncovered a surge of exploited vulnerabilities, and a growing lack of critical defect remediation industrywide. The post Attackers hit vulnerabilities hard last year, making exploits the top entry point for breaches appeared first on CyberScoop.

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.

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