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No Longer Able to Trust SMS as an Authentication Mechanism?

As reported by Ars Technica and others, cyber criminals based on a foreign mobile network were able to redirect SMS messages and use one-time passwords contained in the SMS messages to carry out fraudulent transactions.

This did require that the attackers first gained access to the account credentials by other means, such as a Trojan or other attach on the user’s PC, but nonetheless proved that the SMS network can no longer be considered a trusted medium for transmission of sensitive information.

About Gavin Martin

Information systems architect / technical design authority with over 20 years experience delivering small-scale through enterprise systems to commercial, finance and government customers.

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