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In my previous blog, I discussed the important role multi-factor authentication (MFA) plays in further securing access to enterprise and consumerservices. We also established the fact that although MFA increases authentication security and decreases the risk of account takeover, MFA can, and is, being bypassed in the wild.
The smash-and-grab attacks by LAPSUS$ obscure some of the group’s less public activities, which according to Microsoft include targeting individual user accounts at cryptocurrency exchanges to drain crypto holdings. The flash scam netted the perpetrators more than $100,000 in the ensuing hours.
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