Remove Authentication Remove Banking Remove Social Engineering
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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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How social engineering is related to Cybersecurity

CyberSecurity Insiders

Social engineering is a term used to describe the manipulation of people into revealing sensitive information or performing actions that they otherwise wouldn’t. Social engineering is an age-old tactic that is often used in phishing attacks. In conclusion, social engineering is a significant threat to cybersecurity.

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FBI: Spike in Hacked Police Emails, Fake Subpoenas

Krebs on Security

“This is social engineering at the highest level and there will be failed attempts at times. “In terms of overall social engineering attacks, the more you have a relationship with someone the more they’re going to trust you,” Donahue said. Don’t be discouraged.

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Experts warn of the new sophisticate Crocodilus mobile banking Trojan

Security Affairs

The new Android trojan Crocodilus exploits accessibility features to steal banking and crypto credentials, mainly targeting users in Spain and Turkey. ThreatFabric researchers discovered a new Android trojan called Crocodilus, which exploits accessibility features to steal banking and crypto credentials. ” ThreatFabric concludes.

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Perverse Vulnerability from Interaction between 2-Factor Authentication and iOS AutoFill

Schneier on Security

Sounds like a really good idea, but Andreas Gutmann points out an application where this could become a vulnerability: when authenticating transactions: Transaction authentication, as opposed to user authentication, is used to attest the correctness of the intention of an action rather than just the identity of a user.

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Mobile Malware Uses Deepfakes, Social Engineering to Bypass Biometric Authentication

SecureWorld News

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. The hackers rely heavily on social engineering tactics to distribute the malware.

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Cybercriminals attack banking customers in EU with V3B phishing kit – PhotoTAN and SmartID supported.

Security Affairs

Resecurity uncovered a cybercriminal group that is providing a sophisticated phishing kit, named V3B, to target banking customers in the EU. “Currently, it is estimated that hundreds of cybercriminals are using this kit to commit fraud, leaving victims with empty bank accounts. . ” reads the report published Resecurity.

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