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Mobile Malware Uses Deepfakes, Social Engineering to Bypass Biometric Authentication

SecureWorld News

A sophisticated form of mobile malware dubbed "GoldPickaxe" has been uncovered, which collects facial recognition data to produce deepfake videos, enabling hackers to bypass biometric authentication protections on banking apps. The hackers rely heavily on social engineering tactics to distribute the malware.

Malware 77
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The cyber pandemic: AI deepfakes and the future of security and identity verification

CIO Business Intelligence

Security and risk management pros have a lot keeping them up at night. The era of AI deepfakes is fully upon us, and unfortunately, today’s identity verification and security methods won’t survive. This way, IT organizations can also shut down human social engineering vectors that circumvent or exploit IDV processes.

Security 115
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10 essential tips for bolstering cloud security in your business

CIO Business Intelligence

This makes it more critical than ever to adopt strong security measures to protect sensitive information and infrastructure. However, while cloud computing offers benefits like improved efficiency, scalability, and accessibility, it poses new security challenges.

Security 132
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Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

Digitalization is a double-edged sword for banks, especially when it comes to security. As interactions and transactions become more interconnected, even the simplest processes like opening a new account or making a balance transfer become riddled with security concerns. Avaya’s research report reveals three critical ways to do so.

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Architecting Identity: Five Essential Elements of a Modern Customer Authentication Service

CIO Business Intelligence

million fraud reports from consumers that totaled more than $5.8 Traditional IAM, however, was built to manage internal employees, which means that the organization has control over connecting users to their real identities, birthright provisioning and device security. In 2021, the Federal Trade Commission [1] received 2.8

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What you need to know about Okta’s security breach

CIO Business Intelligence

On October 20, 2023, Okta Security identified adversarial activity that used a stolen credential to gain access to the company’s support case management system. Identity attacks use social engineering, prompt-bombing, bribing employees for 2FA codes, and session hijacking (among many techniques) to get privileged access.

Security 143
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Don’t gamble with your identity verification practices

CIO Business Intelligence

But casino gaming companies MGM Resorts International and Caesars Entertainment were caught short in this area in recent weeks by hackers using identity-based and social engineering attacks that spoofed identity to gain access to secure systems. IBM Security pegged that same number higher, to 95%.