Two-factor authentication -- used to protect online bank accounts with both a password and a computer-generated one-time passcode -- is supposed to be more secure than relying on a single password. But Gartner Research VP Avivah Litan warns that cyber criminals have had success defeating two-factor authentication systems in Web browsing sessions using Trojan-based man-in-the-middle attacks.. Confidential information is everywhere, so it must be protected Typo Squatting and Cross Site Scripting are just a couple of the recent threats facing the presidential candidate web sites, according to researcher Oliver Friedrichs. Confidential information is everywhere, so it must be protected A Gartner Research note written by Litan explains that in the past few months, Gartner has heard from many banks around the world that rely on one-time-password authentication systems. Accounts at these banks have been compromised by man-in-the-middle attacks -- the report uses the term "man-in-the-browser" -- despite the use of two-factor security. One technique that the fraudsters have been using to bypass security controls is call forwarding. "[B]anks that rely on voice telephony for user transaction verification have seen those systems and processes compromised by thieves who persuade telecom carriers to forward legitimate user phone calls to the thief's cell phone," the report says. "These targeted attacks have resulted in theft of money and/or information, if the bank has no other defenses sufficient to prevent unauthorized access to their applications and customer accounts." The link for this article located at Dark Reading is no longer available. . Hackers are bypassing web protection systems such as biometric scans through interception methods, presenting a significant danger.. Two-Factor Authentication, Cybercrime Techniques, Banking Security, Fraud Prevention. . LinuxSecurity.com Team
Note: free registration required to access this page By the time of Shiva Brent Sharma's third arrest for identity theft, at the age of 20, he had taken in well over $150,000 in cash and merchandise in his brief career. After a certain point, investigators stopped counting. . Identity theft can, of course, have its origins in a pilfered wallet or an emptied mailbox. But for computer-savvy thieves like Mr. Sharma, the Internet has forged new conduits for the crime, both as a means of stealing identity and account information and as the place to use it. The Secret Service and the Federal Bureau of Investigation have invested millions of dollars in monitoring Internet sites where thousands of users from around the world congregate to swap tips about identity theft and to buy and sell personal data. Mr. Sharma frequented such sites from their earliest days, and the techniques he learned there have become textbook-variety scams. The link for this article located at New York Times is no longer available. . Identity theft is a growing issue, fueled by dark web forums where tactics like phishing and malware are shared among cybercriminals to exploit victims. Identity Theft, Online Fraud, Cyber Crime, Security Techniques. . LinuxSecurity.com Team
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