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Hacks, Heists, and the Rise of Digital Deception

Hacker And The Fed

CHAPTER

The Perils of SMS Authentication

This chapter explores the vulnerabilities of SMS-based multi-factor authentication, especially in light of SIM swapping risks and the ongoing challenges for organizations using outdated verification methods. It also highlights the increasing sophistication of phishing attempts across various platforms, along with a humorous anecdote illustrating that security flaws affect everyone, including those in high positions.

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