McAfee and Guardian Analytics report says two-factor authentication failed to stop an international crime gang targeting bank accounts of businesses and individuals to try and steal millions through unauthorized, fraudulent funds transfers. Security experts say the European crime spree all suggests there needs to be some kind of design improvement to outwit such wily cybercrime. Researchers say they’ve found practical means to speed up attacks on token devices. EMC rebutted Team Prosecco’s findings about the SecurID attack, which they said it had narrowed an attack time to 13 minutes.”]
Source: https://www.csoonline.com/article/2131923/does-two-factor-authentication-need-to-be-fixed-.html