The security used by most of people including login into their devices or into their exchanges account now a days require a message verification through google authenticator. Google uses a 2FA authentication model since 2010 which currently in this technological era requires to be upgraded due to an increase in cyberattacks by almost 50% since 2010. This technologyneedusers to enter one-time app-generated codes onto websites,thatbypasses the vulnerable mobile lines. However, this still leaveseachworkersandcustomerseven asreceptivephishing attacks via email links and spoofed sites. As reported by Etherdesk earlier, there is a new phishing buzz called ’Sim Hijacking’ and Google Authenticator security systems need a serious upgrade.
Phishing Attracts Growing Concern
Thesesubtlephishing schemes isbecomingprogressively very toughtorecogniseover the past few years.in keeping witha recent VerizoninformationBreach Investigations Report,30%of attacks occur due to phishing messages opened by targeted users and a very fewof these occur due tousers click on the malicious attachment or link.
It was stated in PhishMe’s Enterprise Phishing Resiliency and Defense Report that phishingcases accounts an increase by around 50%within thepast year with tremendous new phishing sites being createdevery monthas perthe newestWebroot Threat report, this leavesseveralusers more vulnerable than ever.
Intel Securityprintedashopperinformationstudy for above 15,000 people from different countriesregardingtheir ability tofindphishing emailsand an astonishing70% of people gota minimum ofone answer wrong,thatputsthe percentageshandily in favor of the hackers.
Theseproblemsappearto be most seriouswithin thecryptocurrency ecosystem. It’scalculablethat $1.1 billionprice of cryptocurrency wastakensimplywithin thehalfof 2018.
A new technology of 2FA authentication called ‘the Hydro mobile app’ launched past month is using the third generation security protocols generating security codes in real website.
This protects the user fromgetting intoany security credentials on a spoofedweb sitecoupledby any convincinglytryingofficial emails. The firm behind this technology, Hydrogen, winners of the “Fintech Start-Up of The Year” for 2018, have recently signed along-runpartnership with TD Bank.
These 3rd generation 2FA models for now, seem to be the most secure ways of protecting users sensitive data and shoppers monetary accounts.