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Viewing posts tagged Phishing and Fraud

Sector

I will be speaking at the Sector security conference in Toronto this week.  The title of my presentation is "Moving Toward a More Secure Online Banking Experience".   It is indeed mostly about authentication for online banking (session, host/mutual/, transaction authentication), but also about the structure of the industry. 

Couple Allowed to Sue Bank for Failing to Implement Two-factor Authentication

A judge has ruled that a couple can sue Citizens Financial Bank after they lost $26.500 to an online attacker:

The lessons from Guy Kawaski's twitter attack

The lessons are sadly the same.  Static passwords are weak and DNS is weak.  The answer is two-factor authentication and either mutual https authentication or better DNS.  Since DNS is unlikely to be fixed any time soon...

Another nail for SMS authentication

Now that European banks are using SMS messaging for authentication, criminals are paying top dollar for used Nokia phones that can be reprogrammed due to a bug to work with any phone number.  We've discussed why SMS authentication is a bad idea before.  Here's more evidence.

incent-for-the-averages-insure-against-the

One the comments on Emergent Chaos about my post Incentive plan for an information security team was from Andrew Jaquith of the Yankee Group:

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