Endpoint

7/2/2018
12:00 PM
50%
50%

iOS 12 2FA Feature May Carry Bank Fraud Risk

Making two-factor authentication faster could also make it less secure.

A feature in the upcoming iOS 12 release intended to make two-factor authentication easier for users could end up opening some to banking fraud. The potential vulnerability illustrates the risks that come in removing friction from online transactions.

Andreas Gutmann, a researcher at OneSpan’s Cambridge Innovation Centre and a Marie Skłodowska-Curie Actions Fellow of the European Commission, notes that the Security Code Autofill Feature, which will automatically input the security code sent to an iPhone by a two-factor authentication (2FA) scheme, removes the human validation aspect of the transaction signing/authentication process. A human verifying critical information (such as a login attempt) is a critical piece of the 2FA security process; automating the process removes this and could open the user to man-in-the-middle, phishing, or other social engineering attacks.

Apple has stated that the purpose of security code autofill is to speed up the login process and reduce errors. Reducing friction could also increase adoption of 2FA among iPhone users. Gutmann questions whether the benefits are worth the risk and notes that many online banking 2FA schemes provide transaction authentication rather than just user authentication - something that automating the process could endanger.

For more, read here

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
New Cold Boot Attack Gives Hackers the Keys to PCs, Macs
Kelly Sheridan, Staff Editor, Dark Reading,  9/13/2018
Yahoo Class-Action Suits Set for Settlement
Dark Reading Staff 9/17/2018
RDP Ports Prove Hot Commodities on the Dark Web
Kelly Sheridan, Staff Editor, Dark Reading,  9/17/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
Flash Poll
How Data Breaches Affect the Enterprise
How Data Breaches Affect the Enterprise
This report, offers new data on the frequency of data breaches, the losses they cause, and the steps that organizations are taking to prevent them in the future. Read the report today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2017-3912
PUBLISHED: 2018-09-18
Bypassing password security vulnerability in McAfee Application and Change Control (MACC) 7.0.1 and 6.2.0 allows authenticated users to perform arbitrary command execution via a command-line utility.
CVE-2018-6690
PUBLISHED: 2018-09-18
Accessing, modifying, or executing executable files vulnerability in Microsoft Windows client in McAfee Application and Change Control (MACC) 8.0.0 Hotfix 4 and earlier allows authenticated users to execute arbitrary code via file transfer from external system.
CVE-2018-6693
PUBLISHED: 2018-09-18
An unprivileged user can delete arbitrary files on a Linux system running ENSLTP 10.5.1, 10.5.0, and 10.2.3 Hotfix 1246778 and earlier. By exploiting a time of check to time of use (TOCTOU) race condition during a specific scanning sequence, the unprivileged user is able to perform a privilege escal...
CVE-2018-16515
PUBLISHED: 2018-09-18
Matrix Synapse before 0.33.3.1 allows remote attackers to spoof events and possibly have unspecified other impacts by leveraging improper transaction and event signature validation.
CVE-2018-16794
PUBLISHED: 2018-09-18
Microsoft ADFS 4.0 Windows Server 2016 and previous (Active Directory Federation Services) has an SSRF vulnerability via the txtBoxEmail parameter in /adfs/ls.