Remove Authentication Remove Financial Services Remove Passwords
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Japan ’s FSA warns of unauthorized trades via stolen credentials from fake security firms’ sites

Security Affairs

Japan s Financial Services Agency (FSA) warns of hundreds of millions in unauthorized trades linked to hacked brokerage accounts. Japan s Financial Services Agency (FSA) reported that the damage caused by unauthorized access to and transactions on internet trading services is increasing.

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The Rise of One-Time Password Interception Bots

Krebs on Security

In February, KrebsOnSecurity wrote about a novel cybercrime service that helped attackers intercept the one-time passwords (OTPs) that many websites require as a second authentication factor in addition to passwords. An ad for the OTP interception service/bot “SMSRanger.”

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GUEST ESSAY: ‘Continuous authentication’ is driving passwordless sessions into the mainstream

The Last Watchdog

Much more effective authentication is needed to help protect our digital environment – and make user sessions smoother and much more secure. Consider that some 80 percent of hacking-related breaches occur because of weak or reused passwords, and that over 90 percent of consumers continue to re-use their intrinsically weak passwords.

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Still Using Passwords? Get Started with Phishing-Resistant, Passwordless Authentication Now!

Cisco Security

Going beyond the hype, passwordless authentication is now a reality. Cisco Duo’s passwordless authentication is now generally available across all Duo Editions. “ Cisco Duo simplifies the passwordless journey for organizations that want to implement phishing-resistant authentication and adopt a zero trust security strategy.

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Recycle Your Phone, Sure, But Maybe Not Your Number

Krebs on Security

Many online services allow users to reset their passwords by clicking a link sent via SMS, and this unfortunately widespread practice has turned mobile phone numbers into de facto identity documents. Which means losing control over one thanks to a divorce, job termination or financial crisis can be devastating.

Mobile 360
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African multinational telco giant MTN Group disclosed a data breach

Security Affairs

The company disclosed a data breach that exposed subscribers’ personal information, it added that the incident did not impact core network, billing system,s and financial services infrastructure. Our core network, billing systems and financial services infrastructure remain secure and fully operational.”

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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. To combat this scam Zelle introduced out-of-band authentication with transaction details.

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