Cyber Hackers Are Finding Ways Around Multi-Factor Authentication

One of the simplest ways you can protect your accounts from getting hacked is enabling multi-factor authentication (MFA). With MFA, in order to log into an account, a user must provide more than one security credential to verify their identity—such as a password and a one-time code they receive by text message. 

MFA provides many of us with peace of mind that our accounts are secure, because even if someone steals the password to one of our accounts, they likely won’t have access to the email address or cell phone number that receives the one-time code. 

According to ZDNET, however, cyber criminals are discovering ways around MFA. Some hackers have methods to intercept passwords and credentials as they’re being sent from a user to a website (known as “adversary-in-the-middle” attacks). Other hackers attempt to steal authentication codes by tricking the user into willingly sharing them. For instance, the attacker—perhaps posed as a help-desk agent—might call the user and ask for the code outright. 

Read the full article from ZDNET for more details on how cyber criminals are sidestepping MFA and what to watch out for. 

Should we still use MFA? Yes, absolutely. It provides significant protection against cyber attacks and reduces the risk of a data breach—particularly when it’s paired with other security measures

In a world where cyber threats are evolving quickly, proactive planning and protection should also be combined with comprehensive insurance protection. Contact Jencap today to learn how our team of experts provide customized coverage solutions that protect against a wide range of cyber threats and security risks.

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