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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 group of teenagers who hacked Twitter hailed from a community that traded in hacked social media accounts.
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 hitch, of course, is that password-enabled account logins are too deeply engrained in legacy network infrastructure. Username and password logins emerged as the go-to way to control access to network servers, business applications and Internet-delivered consumerservices.
In today’s digital world, using our mobile phones to consumeservices is now a part of everyday life. With the average person now spending 2 hours and 51 minutes on their phone each day, service providers like ecommerce sites and entertainment channels have had to adapt their interfaces so that they also work on a smartphone.
reported compromised accounts. Most Popular Cloud Services Most of the services used by business organizations are enterprise-level services. 80% of enterprise level services are likely to have enterprise-grade security compared to consumerservices at only 9.3%. Almost half (49.8)
In most attacks there are a significant number of actors involved, and a key takeaway is that they supply services to each other through dark web marketplaces. Botmasters and account resellers are tasked with providing initial access inside the victim’s network.
As a guest on the recent episode of the Thales Security Sessions podcast , he mentioned that over 13 billion user accounts already have the option of using a passkey instead of a password – and the technology has already been adopted and deployed by consumerservices and enterprises alike. So, it’s undoubtedly already out there.
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