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December 6, 2011 06:05 am

Scammers Work Around Two-Factor Authentication With Social Engineering


mask.of.sanity writes "Thieves have made off with $45k after they intercepted a victim's two factor online banking codes used to verify large transactions. The scammers got the Australian executive's mobile number from his daughter, and work place details from his willing secretary. Armed with this data, they bluffed Vodafone which ported his phone number, meaning the criminals could verify the bank's two factor verification codes generated during their spending spree and the victim never knew a thing."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/kTVhT7-XkOI/scammers-work-around-two-factor-authentication-with-social-engineering

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