Three men in the United Kingdom have pleaded guilty to operating otp[.]agency, a once popular online service that helped attackers intercept the one-time passcodes (OTPs) that many websites require as a second authentication factor in addition to passwords. Launched in…
Following the recent Twilio hack leading to the leakage of 2FA (OTP) codes, cybercriminals continue to upgrade their attack arsenal to orchestrate advanced phishing campaigns targeting users worldwide. Resecurity has recently identified a new Phishing-as-a-Service (PhaaS) called EvilProxy advertised in the Dark Web. On some sources the alternative name is Moloch, which has some connection to a phishing-kit developed by several notable underground actors who targeted the financial institutions and e-commerce sector before.
A large-scale phishing campaign that attempted to target over 10,000 organizations since September 2021 used adversary-in-the-middle (AiTM) phishing sites to steal passwords, hijack a user’s sign-in session, and skip the authentication process, even if the user had enabled multifactor authentication (MFA).
A new study by Juniper Research has found operators will generate $27 billion from the termination of SMS messages related to multi-factor authentication in 2022; an increase from $25 billion in 2021. The research predicts this 5% growth will be driven by increased pressure on digital service providers to offer secure authentication that reduces risk of data breaches and protects user identity. Multi-factor authentication combines multiple credentials to verify a user or transaction. This includes sending an SMS that contains a one‑time password or code to a user’s unique phone number.