Hundreds of popular websites now offer some form of multi-factor authentication (MFA), which can help users safeguard access to accounts when their password is breached or stolen. But people who don’t take advantage of these added safeguards may find it far more difficult to regain access when their account gets hacked, because increasingly thieves will enable multi-factor options and tie the account to a device they control. Here’s the story of one such incident.
It might be difficult to fathom how this isn’t already mandatory, but Microsoft Corp. says it will soon force all Cloud Solution Providers (CSPs) that help companies manage their Microsoft Azure and Office365 accounts to use multi-factor authentication. The move comes amid a noticeable uptick in phishing and malware attacks targeting CSP employees and contractors.
A recent, massive spike in sophisticated and successful phishing attacks is prompting many universities to speed up timetables for deploying mandatory two-factor authentication (2FA) — requiring a one-time code in addition to a password — for access to student and faculty services online. This is the story of one university that accelerated plans to require 2FA after witnessing nearly twice as many phishing victims in the first two-and-half months of this year than it saw in all of 2015.
“Please note that [COMPANY NAME] takes the security of your personal data very seriously.” If you’ve been on the Internet for any length of time, chances are very good that you’ve received at least one breach notification email or letter that includes some version of this obligatory line. But as far as lines go, this one is about as convincing as the classic break-up line, “It’s not you, it’s me.”
A metals supply company in Michigan is suing its bank for poor security practices after a successful phishing attack against an employee allowed thieves to steal more than $560,000 last year.