Remove Accountability Remove Authentication Remove Banking
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Sendgrid Under Siege from Hacked Accounts

Krebs on Security

Email service provider Sendgrid is grappling with an unusually large number of customer accounts whose passwords have been cracked, sold to spammers, and abused for sending phishing and email malware attacks. “And I just am not seeing anything this egregious in terms of viruses and spams from the other email service providers.”

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The Risk of Weak Online Banking Passwords

Krebs on Security

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. Image: Hold Security.

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MY TAKE: Businesses gravitate to ‘passwordless’ authentication — widespread consumer use up next

The Last Watchdog

Perhaps not coincidently, it comes at a time when enterprises have begun adopting passwordless authentication systems in mission-critical parts of their internal operations. Fortifications, such as multi-factor authentication (MFA) and password managers, proved to be mere speed bumps. One bank in the U.S. Adoption scenarios.

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Hacked Data Broker Accounts Fueled Phony COVID Loans, Unemployment Claims

Krebs on Security

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

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Banks, Arbitrary Password Restrictions and Why They Don't Matter

Troy Hunt

Allow me to be controversial for a moment: arbitrary password restrictions on banks such as short max lengths and disallowed characters don't matter. Also, allow me to argue with myself for a moment: banks shouldn't have these restrictions in place anyway. for my *online banking*. Any thoughts? 6 characters.

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When Bank Communication is Indistinguishable from Phishing Attacks

Troy Hunt

You know how banks really, really want to avoid their customers falling victim to phishing scams? And how banks are the shining beacons of light when it comes to demonstrating security best practices? Very convincing but banks will never send texts like these. banks will never do things that look like a phish?

Banking 234
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The ‘Zelle Fraud’ Scam: How it Works, How to Fight Back

Krebs on Security

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.

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