From cookie theft to BEC: Attackers use AiTM phishing sites as entry point to further financial fraud
A large-scale phishing campaign that attempted to target over 10,000 organizations since September 2021 used adversary-in-the-middle (AiTM) phishing sites to steal passwords, hijack a user’s sign-in session, and skip the authentication process, even if the user had enabled multifactor authentication (MFA).
Multi-factor Authentication to Generate $27 Billion Globally for Mobile Operators in 2022, Juniper Research Study Finds
A new study by Juniper Research has found operators will generate $27 billion from the termination of SMS messages related to multi-factor authentication in 2022; an increase from $25 billion in 2021. The research predicts this 5% growth will be driven by increased pressure on digital service providers to offer secure authentication that reduces risk of data breaches and protects user identity. Multi-factor authentication combines multiple credentials to verify a user or transaction. This includes sending an SMS that contains a one‑time password or code to a user’s unique phone number.