Tag: two factor authentication
SIM Swapping Telco Manager Paid $1,000 Plus a Percentage for Each Fraud
A 42 year old man from New Jersey facilitated the takeover of accounts belonging to five customers of his telecoms company.
Indian Central Bank Looks at Alternatives to SMS OTPs for Authenticating Payments
Governor Shaktikanta Das of the Reserve Bank of India also wants digital currency to work offline, but his plan means issuers could place programmable limits on what money can buy.
Big Bitcoin Spike after Phone Hackers Hijack SEC Social Media Account
The US Securities and Exchange Commission did not implement two-factor authentication for their official X account.
Experts Say ‘Phishing Resistant’ Authentication Needed to Counter Scattered Spider SIM Swaps
A detailed advisory from the FBI and CISA describes Scattered Spider hackers as 'experts in social engineering'.
Mobileum Lawsuit, SMS AIT and the Risks That Lie Ahead: Commsrisk Show Season Finale
The second season of The Communications Risk Show concluded with startling news and predictions about the future.
Artificial Inflation of Traffic Blamed for Dismal SMS Forecasts
Mobile operators ramp up prices for terminating SMS whilst crooks use bots to generate meaningless traffic.
SIM Swap Social Engineering of T-Mobile Staff Blamed for $691,000 NFT Heist
Ethereum co-founder Vitalik Buterin blamed the US mobile operator for enabling a scam that targeted his social media followers.
‘Urgently’ Transition Away from SMS and Voice 2FA, Warns US Cyber Safety Review Board
A review of methods used by LAPSUS$ also stated a need for 'whole-of-society' programs to stop kids being tempted by cybercrime.
Karsten Nohl on Cloud Hacking, Central Bank Ends SMS 2FA and Macron’s Filter: Commsrisk Show Episode 10
The world-famous security researcher explained how he hacked a telco's cloud servers and the harm that could be done by bad actors.
Malaysian Banks Stop Using SMS for Two Factor Authentication
The central bank of Malaysia cares more about stopping fraud than appeasing laggards who are only delaying necessary change.
Facebook Experiments with Flash Calls
They are following the lead of Twitter by wanting to cut expenditure on SMS messages for user authentication.
Watch Episode 1 of The Communications Risk Show
Corruption, hacking, lawsuits against regulators, two-factor authentication by SMS, the UN, GVG, 5G and Elon Musk were among the topics for the first episode of our new conversation program.
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The Commsrisk Global Fraud Dashboard
Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.
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