Trust must be earned, not assumed.

In this paper co-authored with ForgeRock, we explain the vulnerabilities of the SS7 network protocol and the danger of assumed trust in an MFA design, to help you protect against the growing threat of fraud-as-a-service.

SS7 attacks-as-a-service are just one example of industrialised fraud. Today's MFA strategies must replace assumed trust with trust-by-authentication.

The device is now becoming a greater indicator of a person’s authenticity than their username and password. So how do organisations ensure the integrity of the device when they send secure communications? 

The SS7 network protocol was originally founded on the principle of trust, simplifying interoperability between operators. This trust-by-assumption design has now made it the perfect vehicle for hackers to mimic devices and intercept secure communications such as one-time banking passcodes.

In this new paper, co-authored with Digital Identity Management expert ForgeRock, we explore the exposure points that have led to bank accounts being compromised, and consider the multifactor authentication strategy fit to withstand today’s fraud as it morphs into a convenient, highly accessible attack-as-a-service model.

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