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Comerica Bank Sued for Failed 2-Factor Authentication

A metals supply company in Michigan is suing its bank for poor security practices after a successful phishing attack against an employee allowed thieves to steal more than half a million dollars last year. Underground marketplace pricing on RDP server access, compromised payment card data and DDoS-For-Hire services are surging. The underground economy finds that malicious actors are offering cloud-based troves of stolen data, accessible with handy tools to slice and dice what s on offer. Read the full article.

Source: https://threatpost.com/comerica-bank-sued-failed-2-factor-authentication-020910/73514/

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