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 […]
authentication
Code Spaces Probably A ‘Target of Opportunity’
The spectacular collapse this week of Code Spaces, a cloud-based code repository, may have been the result of a an unspectacular “opportunistic” hack, rather than a targeted operation, according to one cloud security expert. The sudden demise of the online application repository has sent shock waves through the tech industry, laying bare what some say are lax practices among many cloud-based application and infrastructure providers. But the attack itself was almost certainly the result of a larger, indiscriminate cyber criminal campaign, said Jeff Schilling, the Chief Security Officer of Firehost, a Texas-based secure cloud provider. “This is something we pretty frequently: companies get held ransom with a DDoS attack, and if that doesn’t work, (the attackers) will resort to doing other things,” Schilling told The Security Ledger. But Code Spaces almost certainly wasn’t the only company the extortionists worked on, Schilling said. Instead, the company was likely caught up in a wide net […]
This Week In Security: Ebay’s School of Hard Knocks
It’s the end of another busy week in the security world. As we’re wont to do at The Security Ledger, we had DUO Security Evangelist Mark Stanislav in to the deluxe Security Ledger Studios to talk about the events of the week. On the agenda this week: the continued fallout from the hack of online auction giant eBay. The company ran into a thicket of criticism this week for the breach and its botched response. Despite knowing about the security breach for weeks, eBay seemed unprepared for the fallout once the news became public. Beyond its statements to the press, the company hadn’t taken steps to streamline the (inevitable) flood of customers who wanted to update their password. In fact, more than a day after the news broke, eBay still hadn’t made mention of it on their home page. What lessons can we learn from the breach at online auction […]
Report: Samsung Investing In IoT Security
South Korean electronics giant Samsung Electronics Co. said on Tuesday that it will invest heavily in security for the Internet of Things sector, citing security for IoT as a ‘key future technology’ alongside energy storage and harvesting. The report on Tuesday, from South Korea’s Yonhap News Service said Samsung, currently the world’s top maker of mobile phones, said Samsung is soliciting proposals on IoT security algorithms and protocols through the end of June. Possible applications include “biometrics, smart structures and advanced traffic networks,” according to Yonhap. The announcement comes by way of Samsung’s Future Technology Fostering Center, a research group that the company established last year to help keep it on the cutting edge in technology. According to published reports, Samsung has pledged 1.5 trillion won ($1.34 billion) over 10 years to fund the Center. Approximately 750 billion won ($670 million) will be allocated to research projects through 2017.
WSJ: Samsung Looks To Iris Scans To Secure Mobile Devices
Min-Jeong Lee has an interesting article over at The Wall Street Journal Digits blog on how mobile device maker Samsung is looking to expand its use of biometric sensors in mobile devices beyond the finger-print scanners that are now the state of the art. According to the article, Samsung is considering “various types of biometric [mechanisms]” in addition to fingerprint scanners. Samsung’s senior vice president Rhee In-jong told analysts and investors at a forum in Hong Kong on Monday that iris scanners are a top consideration. “One of things that everybody is looking at is iris detection,” Rhee said. The biometric features are part of Samsung’s enterprise-focused mobile software, dubbed “Knox.”According to Rhee, only a small portion of some 80 million Samsung devices that shipped with the Knox software, which provides additional security functions for use by businesses, such as hardware based “TrustZone” technology to isolate sensitive data, virtualization for data- […]