According to a PayPal notice of security incident dated January 18, attackers got unauthorized access to the accounts of thousands of users between December 6 and 8, 2022. The total number of accounts that were accessed by threat actors using a credential stuffing attack is reported as being 34,942. While accepting that PayPal is seemingly doing the best it can for the customers involved in this security incident by recommending password changes, Jasson Casey, chief technology officer at Beyond Identity insists that “passwords – whether unique or complex – are fundamentally flawed.” Instead, Casey says, organizations should be moving to phishing-resistant credentials such as the FIDO Alliance standard blueprints.


More

National World: 16 billion passwords leaked: How to protect yourself as cybersecurity experts warn of repeat attacks

Cybersecurity experts are urging internet users to take immediate steps to secure their online accounts,…

Read More →

ZD NET: How passkeys work: Your passwordless journey begins here

Over the last few decades, compromised usernames and passwords have typically been at the root…

Read More →

MobileIDWorld: Meta Rolls Out Passkey Authentication for Facebook Mobile Users Globally

Meta has begun rolling out passkey login authentication for Facebook users on iOS and Android…

Read More →


123282 Next