Clearly, you should not use SMS for banking authentiation. We have been saying this for over eight years now. The solution must use encryption that you control.
Any hardware-based solution like key fobs would be very expensive and difficult to scale…
SMBs Admit They’re Compromising on Security
More than 70% of SMB IT managers say budgets have forced them to compromise on security features.
Manchester Police in the Dock After Losing Interview Footage
ICO fines GMP £150,000 after unencrypted DVDs were lost in the post
Mobile Hackers Intercept Bank 2FA to Drain Accounts
Known bug in global SS7 protocol is to blame
Android Apps with Ultrasonic Beacons Track People’s Daily Habits
These apps embed ultrasonic beacons into audio, and track them using the microphone of mobile devices.
Bondnet Botnet Mines Cryptocurrency Worldwide
It’s also ready to be weaponized immediately for other purposes, such as mounting Mirai-style DDoS attacks.
NYPD: Fraud Ring Recruited Mules Via Social Media
Sophisticated operation resulted in $2.5m counterfeit check deposits
KONNI RAT Eyes North Korea
A previously unknown remote administration tool has been uncovered after evading detection by the security community for more than three years.
Cuts Like a Knife: Sabre Breach Potentially Impacts 32K Hotel Properties
The hospitality giant is investigating a compromise of its widely-used reservations software.
Gannett Phishing Attack Affects 18K Employees
A hacker was able to compromise the Office 365 credentials of some HR employees.