Once pitched as an additional layer of security for E-banking transactions, two-factor authentication is slowly becoming an easy to bypass authentication process, to which cybercriminals have successfully adapted throughout the last couple of years. Read the full story [zdnet.com]. Also see this MIT Technology Review report on how cybercriminals managed to steal $447K despite the fact that two-factor authentication was in place.
Modern Banker Malware Undermines Two-Factor Authentication
Once pitched as an additional layer of security for E-banking transactions, two-factor authentication is slowly becoming an easy to bypass authentication process, to which cybercriminals have successfully adapted throughout the last couple of years. Read the full story [zdnet.com]. Also see this MIT Technology Review report on how cybercriminals managed to steal $447K despite the fact that two-factor authentication was in place.
