SIM Swap Attacks are making SMS Two-Factor Authentication Obsolete

Discussion in 'other security issues & news' started by mood, Jan 20, 2020.

  1. mood

    mood Updates Team

    Joined:
    Oct 27, 2012
    Posts:
    27,783
    Sim swap attacks making two-factor authentication via smartphones obsolete
    January 20, 2020
    https://www.scmagazineuk.com/sim-sw...tion-via-smartphones-obsolete/article/1671302
    PhishLabs: SIM Swap Attacks are making SMS Two-Factor Authentication Obsolete
     
  2. Rasheed187

    Rasheed187 Registered Member

    Joined:
    Jul 10, 2004
    Posts:
    12,582
    Location:
    The Netherlands
    I wonder when companies and especially online banks will finally start to migrate away from SMS based 2FA. Here is another example of how hackers stole 3.5 million euro:

    https://www.europol.europa.eu/newsr...e-stealing-millions-highjacking-phone-numbers
     
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