Hold Security discovers a gang impersonating businesses for financial fraud. Using various impersonation techniques, the gang created fake profiles with DNB allowing them to establish significant credit lines for the abused businesses. Brian Krebs publishes our joint investigation into the malicious activities. Read more on https://krebsonsecurity.com/2020/07/business-id-theft-soars-amid-covid-closures/.
Many years ago we decided that protecting our data just behind username and password authentication is a bad idea. Yet today, we are still heavily relying only on this technology. And, in turn, cybercriminals rely on stolen credentials to enter our realm to wreak havoc. Let’s take a look at how your credentials are valued today, how they are stolen and abused. Then let’s discuss available safeguards including not only MFA but other viable defenses for our society that still holds on to its P@ssword1!