Business MFA Is Being Hacked – How to Keep Safe

Strengthening Your Security Posture: Advanced MFA Solutions

Whilst phishing-resistant multi-factor authentication (MFA) is a significant step forward in cybersecurity, we must exercise caution and remain vigilant.

We have recently seen one company experience a large financial loss, with significant sums transferred to a fraudulent account after multiple users MFA was compromised.

The Achilles’ Heel: Employee Vulnerabilities in MFA

The problem we identified with our client was that an employee used the business’s secure multi-factor authentication (MFA) to access Microsoft 365 platforms. However, they were using an outdated personal device with obsolete hardware to access company data on Microsoft 365’s platforms, thereby bypassing the business’s MFA security measures in place.

The personal devices were not managed by us, and as such, the hardware was obsolete, the devices weren’t patched, and they did not have basic security protections like antivirus software. Which left the users device wide open to vulnerability.

Business MFA Is Being Hacked - How Stay Keep Safe - Dont use Personal devices - Speedster IT

MFA Security Relies on Businesses Users not Allowing Company Data on Outdated Personal Devices

It’s essential to recognize that even the most robust systems have their Achilles’ heel. Vulnerabilities can still be exploited through

  • employee weak points
  • social engineering
  • technical exploits
  • other bypass techniques

Continuous vigilance and adopting a layered security approach is crucial to protecting your business.

Watchguard MFA and Authpoint - Business MFA Is Being Hacked - How Stay Keep Safe - Dont use Personal devices - Speedster IT

Why MFA PassKeys Can Protect Against This Senario?

Security passkeys, which are fundamental to phishing-resistant MFA. Offer more robust protection than traditional methods.

However, not all businesses are adopting the use of MFA passkeys.

Our main provider WatchGuard’s multi-factor authentication (MFA) service, known as AuthPoint, provides passkeys to business users through a secure process. Here’s how it works:

WatchGuard Passkey & MFA Protection Against Threats- Authpoint

AuthPoint uses a mobile app to authenticate users, offering methods like :

  • Push notifications
  • QR codes
  • One-time passwords (OTPs)

It employs mobile device DNA matching to ensure that the access attempt is coming from the authorized user’s registered device not an outdated personal device.

This approach effectively blocks attackers who may clone a user’s device, as the cloned device would not match the original device’s DNA.

AuthPoint’s system is designed to protect against phishing and other MFA threats by requiring additional proof of identity beyond just passwords, thus making password strength less relevant and enhancing overall security.

Strengthening Your Business Defences Mitigate MFA Bypass Risks

Implementing robust solutions like WatchGuard Authpoint and exploring innovative Security MFA passkeys are excellent starting points. However, these measures alone may not suffice. It’s imperative to partner with a trusted Managed Service Provider (MSP) like Speedster IT, who can offer expert guidance and implement a layered security approach tailored to your business needs.

Remember, technology is just one piece of the puzzle. Equally important is fostering a security-conscious culture within your organisation. Regular employee training sessions on the latest threats and best practices are essential. Additionally, continuous monitoring of your systems for unusual activities can help detect and thwart potential breaches before they escalate.

Complacency is your greatest enemy. Stay alert, stay informed, and most importantly, stay proactive in fortifying your business defences against increasingly sophisticated cyber threats.

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