Cyberattack Bots Intercept One-Time Passwords

Chris Clements, VP of Solutions Architecture at Cerberus Sentinel, explains how these cyberattack bots are used in non-targeted attacks

September 30, 2021

“…you don’t need to be an organization with top secret data or intellectual property to be a target of a cyberattack. Ransomware has allowed cybercriminals to become much more opportunistic with their attacks, targeting any organization they are able to break into. I think much of the problem is that organizations not only think they won’t be a target, but also fail to account for just how long business can be interrupted by a cyberattack. Cybersecurity insurance, even when it does pay out, can’t repair damaged relationships with customers or vendors if you can’t deliver service. Nor can limited time credit monitoring fully protect employees or customers from being targets of fraud or identity theft if their personal information is stolen. This is especially true if the company compromised proactively announces free credit monitoring for victims for a specific period of time. In essence, they have provided cybercriminals with the exact time necessary they need to wait before attempting to leverage personal information stolen. After all, it’s unlikely that any of the victims will change their personal information like SSN in the meantime. It’s largely just as valuable to criminals and fraudsters now as it will be 12 months from now.”

– Chris Clements

Click Here To Read The Full Story…