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The Security Ledger podcast

This Week In Security: Poking Holes In Two Factor Authentication

Podcast: Play in new window | Download ()Subscribe: Apple Podcasts | Android | Email | Google Podcasts | Stitcher | TuneIn | RSS | https://www.securityledger.com/subscribeIt was another busy week in the security world. There was big news on the legal front, as The U.S. Supreme Court took steps to protect the data stored on mobile devices from warrantless searches by police. (That’s good news.) But the week also plenty of concerning stories about the security of data stored on mobile phones, tablets and the like. One of the stories that gained a lot of attention was DUO Security’s report on a flaw in PayPal’s two factor authentication feature that could expose the accounts of  security-conscious PayPal users. As The Security Ledger reported, DUO researcher Zach Lanier discovered a flaw in mobile APIs published by PayPal that would allow anyone with a valid PayPal user name and password to sidestep two-factor […]

Paypal Disables Two Factor From Mobile

In the wake of a disclosure, yesterday, that a secure log-in feature was vulnerable to hacking, PayPal has suspended the ability of customers who elect to use the feature to log in to PayPal using the company’s mobile application. In a blog post on Wednesday, PayPal Director of Global Initiatives Anuj Nayar said that the company took the step of disabling mobile application log ins after the researcher, Zach Lanier of DUO Security, published his findings in a blog post yesterday. As reported by The Security Ledger, researcher Zach Lanier of DUO Labs discovered that a PayPal mobile API (application program interface) for its Security Key two-factor authentication technology contains a vulnerability that would allow even a non-technical hacker to bypass the second factor when accessing a Paypal customer’s account. The problem comes up when trying to access a Paypal account protected using two-factor authentication using a PayPal mobile application – […]

Researchers Sidestep Paypal Two-Factor Authentication

Researchers at DUO Security claim to have found a way of bypassing a two factor authentication feature that secures logins to Paypal.com, eBay’s online payment service. The vulnerability could allow an attacker who has stolen a Paypal customer’s user name and password to gain access to the account, even though the customer had enabled the more secure two-factor authentication option. DUO described the problem in a blog post early Wednesday. According to researcher Zach Lanier, Paypal has published an API (application program interface) for its Security Key two-factor authentication technology that contains a vulnerability that would allow even a non-technical hacker to bypass the second factor when accessing a Paypal customer’s account. An attacker only needs a victim’s PayPal username and password in order to access a two-factor protected account and send money. “The protection offered by the two-factor Security Key mechanism can be bypassed and essentially nullified,” the company wrote in […]

Why The Mailpile Misstep Is No Joke To PayPal

 PayPal and Mailpile, the scrappy secure mail startup ended the week on a high note: hugging it out (via Twitter) after the online payments behemoth froze more than $40,000 in payments to the crowd-funded startup then donated $1,000 to the project, to boot. But making it right with the tiny secure email firm is just the beginning of the story at PayPal, which is making the whole mix-up as something of an object lesson in how it needs to change to address a fluid and fast-moving online payments market. First, some background: Mailpile, of Reykjavík, Iceland, has raised more than $145,000 in a month-long campaign on the crowd funding web site Indiegogo.com to build a “fast, web-mail client with user-friendly encryption and privacy features.” Beginning on Saturday, PayPal froze more than $40,000 of those donations, suspecting fraud. The company’s spokespeople told company executive Brennan Novak that it wanted to see […]