Is 2-Factor authentication not safe anymore?

In today’s world when a single password is not secure anymore, and vendors and systems force you to use an additional type of authentication in order to make your account more secure, it looks like using a second-factor authentication can also be compromised. Are you surprised? You probably shouldn’t be.

We have seen a new malware in the wild called TrickBot banking Trojan which it has been developed as an application for Android devices to intercept one-time authorization codes sent to Internet banking customers via SMS and complete fraudulent transactions.

IBM X-Force researchers discovered this malware. They say that it is under active development and, at this stage, it has exclusively targeted Ferman users whose desktops have been previously infected with the TrickBot malware.

Just because this malware is primarily targeting the German population this does not mean that it is only contained in Germany, as with many malwares, it travels across the wire to many places around the world and can easily be targeting you too.

Be careful when installing any application, even ones that look legitimate.
Never install applications from untrusted sources.

And as always, be safe out there, until the next Malware Monday.

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