Modern Banker Malware Undermines Two-Factor Authentication

2009-09-24T02:20:00
ID MODERN-BANKER-MALWARE-UNDERMINES-TWO-FACTOR-AUTHENTICATION-092309/72274
Type threatpost
Reporter Ryan Naraine
Modified 2013-04-17T16:39:45

Description

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.

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