You will surely come across at least once in your life with the concept of MFA, the well-known multifactor authentication. In recent years, most experts advise that one of the most reliable ways to prevent cyberattacks is the application software security that uses precisely this multi-factor authentication.
It is the process by which one user trying to link to a site with password but then requires an additional authentication form, usually in the form of a special personal identification number (PIN) sent to his smartphone. And as experts say over the years, even if a hacker steals your password, it's unlikely to be able to handle your smartphone at once, so MFA is really safe. Or maybe not;
According to the FBI not so much, since it said there was a growing threat of attacks on organizations and officials that could bypass the MFA.
The most well-known threats are three.
- SIM swap.
This happens when a hacker steals enough information on-line in relation to you and can call your telephone company, impersonate you and convince them to redirect all phone calls to a smartphone they own. His phone contains a new SIM card containing your information, which he received through hacking or bought them on the dark web. This way it receives the text messages with the special MFA code and accesses them accounts.
- Manage Website.
If one website is not designed properly, a capable hacker can bypass the login pages where the PIN is required and reach the account holder details directly and then make transactions.
- Social Engineering.
This news seems a bit frustrating, but the FBI still suggests using MFA. As they say, it may not be the perfect solution, but it is getting close to it. That's why we are all called upon to choose this way for the cybersecurity of our systems, in the hope of making a better choice right away, as the years of hacking grow multifactor authentication weakens.