article thumbnail

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 72
article thumbnail

Three Ways Banks Can Improve Identity Authentication and Customer Data Privacy

CIO Business Intelligence

As financial services become more digital in nature, it’s important that banks think differently when using data analytics, security tools, and education to improve identity authentication and customer data privacy. Avaya’s research report reveals three critical ways to do so. IT Leadership

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Seven Signs That Your Consumers are Ready for Passwordless Authentication

CIO Business Intelligence

Customer demand for passwordless authentication has grown exponentially since smartphones first began offering built-in biometric readers. A staggering 93% of consumers preferred biometric authentication to passwords — and yet so many companies still force their customers to use risky, outdated login credentials. Your first clue?

article thumbnail

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 They may have a built-in user store supporting password authentication, for example. In response to cloud-based customer experiences, more focus has shifted to authentication. 5 Essential modern customer authentication elements that FIDO enables.

article thumbnail

T-Mobile investigating report of customer data breach that reportedly involves 100 million people

The Verge

Motherboard reported that it was in contact with the seller of the data, who said they had taken data from T-Mobile’s servers that included Social Security numbers, names, addresses, and driver license information related to more than 100 million people. After reviewing samples of the data, Motherboard reported it appeared authentic.

Mobile 97
article thumbnail

Social Engineering 2.0: The Rise of Deepfake Phishing

SecureWorld News

And one of the most successful and increasingly prevalent ways of attack has come from social engineering, which is when criminals manipulate humans directly to gain access to confidential information. Social engineering is more sophisticated than ever, and its most advanced iteration is the topic of today's discussion: deepfakes.

article thumbnail

Another T-Mobile cyberattack reportedly exposed customer info and SIMs

The Verge

This time around, attackers accessed “a small number of” customers’ accounts, according to documents posted by The T-Mo Report. According to the report, customers either fell victim to a SIM swapping attack (which could allow someone to bypass SMS-powered two-factor authentication), had personal plan information exposed, or both.

Mobile 116