page = krebs on security – in-depth security news and …

url = https://krebsonsecurity.com analysed @ 2021-11-20 04:07 UTC

To “verify the identity” of the customer, the fraudster asks for their online banking username, and then tells the customer to read back a passcode sent via text or email. In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member.