Cybercriminals are using message interception techniques to access communications between legitimate companies and consumers to steal login credentials…
Practically everyone knows that the standard username and password login practice is one that’s rife with security issues. The combination is so old and exploited, companies like Google, Apple, Microsoft, and more are diligently developing more sophisticated but user-friendly alternatives. One such system is known as 2FA or two-factor authentication. It provides much more protection than just a username and password combination but, it’s now being exploited more than ever.
Hackers are Now Cracking Two-Factor Authentication Security by Intercepting Messages
Cybercriminals have discovered a new way to penetrate the security offered through two-factor authentication. As anyone who’s used it knows, when signing in to a website or app with a username and password, the security system automatically sends a separate, private message between the provider and consumer. This message contains a unique passcode and this is used to authenticate the identity of the user.
However, hackers are using sophisticated techniques in order to intercept these messages, which by the way, aren’t necessarily secured themselves. Because they are vulnerable to being intercepted by third parties, one would think that the messages would have their own protections, but this isn’t always the case.
Recent research reveals that cybercriminals have found some unique ways to intercept these private communications, thereby being able to access consumers’ accounts for a variety of services. Of course, this makes credential-stealing easy and hackers can learn personal information as a result. It’s also useful for other nefarious purposes, such as identity theft, which ironically, two-factor authentication is supposed to defeat any inauthentic attempt to gain access to a private account, because the system ostensibly verifies the identity of the rightful owner.
Other security measures are becoming more commonplace because they are much more difficult to defeat. These include biometrics, which can be fingerprints and facial identification. Although many security experts advised consumers and companies alike to enable and offer 2FA, its security prowess is beginning to dwindle and could be compromised to the point where it is no longer effective.