Hackers Apply Over Multi-Factor Authentication: 7 Ways

Do you know 7 Ways Hackers Apply Over Multi-Factor Authentication? Traditional multi-factor authentication (MFA) techniques seldom deter hackers. Attackers are becoming more adept at defeating security measures and obtaining access information.

Businesses are depending more and more on MFA to stop hackers. It is said that a number of elements work together to make identity theft more challenging. Attackers have recently created a number of strategies, nevertheless, to get beyond the controls of the security mechanism. An overview of the most widely used techniques is provided by HYPR.

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Hackers Apply Over Multi-Factor Authentication

Phishing

Although MFA logic suggests that these should be expressly separated, hackers are now able to obtain both passwords and one-time passwords (OTP) in combination through phishing. For instance, while a login procedure is being completed on the genuine website, passwords are being “fished” on bogus websites. Hackers are employing automated phishing toolkits more and more since the procedure is labor-intensive and necessitates real-time communication between the attacker and the victim. Smishing, a form of phishing, is currently utilised for SMS text messages on mobile devices.

SMS OTP attacks

The one-time SMS token is one of the most popular MFA solutions for online credit card payments, for instance, due to how simple it is to install. SMS OTPs, however, are particularly susceptible, for instance to so-called SS7 attacks that take advantage of flaws in mobile networks. Today, there are specialized bot services that steal OTP codes, resulting in millions of dollars in losses.

Accidental Push Accept

According to the Pass wordless Security Report By HYPR, this type of traffic climbed by 33% from the previous year. Push notification-based MFA is frequently used by businesses to secure their consumers and employees. The procedure is straightforward: after providing the password, the user allows access after receiving a notification “pushed” to their smartphone. Then, push notification assaults operate as follows: Once hackers have access to the victim’s username and password, they will ply them with alerts until the victim, out of annoyance or error, agrees. The approach works, especially for people who are busy and don’t focus much on the substance of push alerts.

Fake IT help desks

Before launching targeted assaults, hackers use this kind of attack to see how secure MFA is throughout an enterprise. In this technique, attackers assume the roles of employees to learn how password reset verification is done. The hackers then know exactly what information they need to carry out a password reset and subsequent account takeover, along with information like the victim’s login.

Robot calls

Robocalls are praised by hacking services for having a success rate of more than 80%. These automated phone calls are placed by computer software on an ongoing basis. Robocalls can convincingly sound like a person’s bank or insurance provider using regularly updated templates, convincing victims to surrender their information. Attackers are increasingly focusing on information for MFA, but robocalls are particularly effective at exposing account information or credit card numbers.

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Man-in-the-middle attacks

In a man-in-the-middle assault (MitM), hackers seize control of the data stream between two communication partners and convince each one that the other is the one they are corresponding with. Attackers are able to intercept information being sent over the Internet via breaching security holes. This often includes credit card numbers, login credentials, and account information. Hackers are having more and more success using this attack strategy in combination with other strategies like phishing kits.

SIM swapping

In a SIM switching attack, hackers call a customer service centre or an online portal for a mobile phone carrier pretending to be a real customer and ordering a new SIM card. With the new card, which connects to the victim’s cell phone number, they can contact and text on behalf of the victim, giving them access to a variety of internet services. After all, changing the password frequently involves calling or sending an SMS to the user’s cell phone to confirm their identity.