Next-gen banking security still not safe

Wednesday, 26 April 2006, 4:54 PM EST

Two-factor authentication, where banks add one-time passwords and payment confirmation codes to the usual password-based security measures, could still be overcome by phishing scams, a security vendor at Infosec 2006 has warned.

F-Secure said that advanced phishing techniques could be used to breach the system by setting up a fake banking site, contacting the real site and waiting for the password, then getting the user to type in the one-time password that is supposed to protect them.

At vnunet.

[ Read more ]




Spotlight

What can we learn from the top 10 biggest data breaches?

Posted on 21 August 2014.  |  Here's a list of the top 10 biggest data breaches of the last five years. It identifies the cause of each breach as well as the resulting financial and reputation damage suffered by each company.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Fri, Aug 22nd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //