multifactor authentication

It’s remarkable just how many significant security breaches could have been prevented if only multifactor authentication technology had been deployed. A lack of strong authentication is the reason behind the recent breach of the popular mobile app Timehop, which lets users see social media posts from the same date in previous years. The breach exposed the credentials, phone numbers and… Read more

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Multi-Factor Authentication

The following article, authored by Michael Magrath, Director, Global Regulations & Standards, first appeared 2/28/18 on CSO Online. The New York State Department of Financial Services (DFS) regulates over 1,400 insurance companies and approximately 1,500 banks and financial institutions1. Not surprisingly, with New York being the “financial capital of the world,” the overwhelming majority of U.S. financial institutions and many… Read more

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Stolen Credentials on the Dark Web: A Reminder to Replace KBA with MFA

Recent news accounts of security researchers discovering a database containing 1.4 billion breached credentials — reportedly, the largest such find on the Dark Web — is yet more evidence that online identity proofing that relies only on KBA (knowledge based authentication) and static passwords is no longer fit-for-purpose. The level of sophistication that cybercriminals bring to the dark web is… Read more

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