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Attackers Use Bots to Circumvent Some Two-Factor Authentication Systems

eSecurity Planet

Underground services are cropping up that are designed to enable bad actors to intercept one-time passwords (OTPs), which are widely used in two-factor authentication programs whose purpose is to better protect customers’ online accounts. By using the services, cybercriminals can gain access to victims’ accounts to steal money.

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Multi-Factor Authentication Best Practices & Solutions

eSecurity Planet

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

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A Deep Dive into the Last Vendor Breaches of 2024: What We Learned

Responsible Cyber

Financial services have also faced significant incidents, with many institutions relying heavily on third-party technology partners to deliver essential services. Many vendors failed to implement robust security protocols, such as advanced encryption techniques, multi-factor authentication, and continuous monitoring.

Risk 81
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Telegram-powered bots circumvent 2FA

Malwarebytes

Two-factor authentication is a great way to protect your online accounts, and we always recommend you turn it on. Yesterday, security intelligence firm, Intel 147, revealed it had noticed an uptick of activity in threat actors providing access to services in Telegram that circumvent two-factor authentication (2FA) methods.

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A Clear and Present Need: Bolster Your Identity Security with Threat Detection and Response

Duo's Security Blog

One piece of evidence to support this hypothesis is the low adoption of a basic security control that protects against identity-based attacks - multi-factor authentication (MFA). Add to this, the risks of weak authentication factors such as SMS one-time passcodes and dormant or inactive accounts.

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The danger of data breaches — what you really need to know

Webroot

Financial services industry: Banks, insurance companies and other financial organizations offer a wealth of opportunity for hackers who can use stolen bank account and credit card information for their own financial gain. In 2024, there were 14 data breaches involving 1 million or more healthcare records.

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NYDFS Cybersecurity Regulation: Dates, Facts and Requirements

Centraleyes

If you’re part of the financial services ecosystem hereor interact with businesses regulated by the New York State Department of Financial Servicesyouve likely come across the NYDFS Cybersecurity Regulation. Multi-factor authentication (MFA) and role-based access controls are your best friends here.