Couple Fights Back, Sues Bank for Not Implementing Two-Factor
After $26,500 was stolen from an Illinois couple’s home equity line of credit by an attacker who simply logged in with the couple’s username and password and transferred the money to an Austrian bank account, the couple filed suit against the bank for failing to implement appropriate user authentication measures. Because the couple didn’t notice [...]
Real-Time Attacks Are A Real Threat
We’ve been preaching the need for out-of-band authentication to protect against man-in-the-middle and man-in-the-browser attacks for some time now. These threats are real, not theoretical, and they are on the rise. But don’t just take my word for it. http://bits.blogs.nytimes.com/2009/08/20/how-hackers-snatch-real-time-security-id-numbers/ Out-of-band authentication with transaction level verification is the only way to protect against attacks like [...]
