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Chris Clements Discusses MFA Glitch Leads to 6K+ Coinbase Customers Getting Robbed

Chris Clements, VP of Solutions Architecture at Cerberus Sentinel, comments on MFA Glitch. Coinbase suspects phishing led to attackers getting personal details needed to access wallets but also blamed a flaw in its SMS-based 2FA.

Chris Clements Discusses MFA Glitch Leads to 6K+ Coinbase Customers Getting Robbed Image
Image from ThreatPost

By Lisa Vaas

October 1, 2021

“The decentralized nature of most coins means that if criminals are successful in stealing them, there’s very little chance you will be able to recover your losses…

…As such, it’s important that users of cryptocurrency study up and implement appropriate opsec to protect themselves from the inevitable attacks, including ensuring that any computing devices or smartphones are hardened and up to date with the latest security patches and implementing strong unique passwords as well as multi-factor authentication controls such as TOTP or hardware security keys like FIDO.  Finally, cold wallets kept completely offline are useful for limiting much easier online attack vectors.”

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threatpost – Chris Clements Discusses MFA Glitch Leads to 6K+ Coinbase Customers Getting Robbed. Leader in security managed services. Offices & resources across the USA. Full team of security & compliance experts. Certified forensics experts & gov’t sec clearances. Publicly traded (Ticker: CISO)

threatpost – Chris Clements Discusses MFA Glitch Leads to 6K+ Coinbase Customers Getting Robbed. Cerberus Sentinel specializes in cybersecurity solutions that build a culture of security within an organization, enabling them to improve security, lower risk profile, optimize IT infrastructure, and meet regulatory compliance demands with extensive and comprehensive compliance review. Our Philosophy – Cybersecurity is a culture, not a product®. We believe culture is the foundation of every successful cybersecurity and compliance program. To deliver this outcome, we developed MCCP+ our holistic approach that ensures you’re secure in every area of your business. We are a publicly traded cybersecurity company listed with ticker CISO. A nationwide provider of consulting and managed services, with offices and resources across the USA, we specialize in building a culture of awareness for our clients. Founded with the belief that an acquisition approach is the best way to address the industry-wide skills gap. We are focused on cybersecurity, compliance, and the culture that drives success, acquiring world-class engineering talent who utilize the latest technology to create innovative solutions to protect even the most demanding businesses and governments against continuing and emerging threats.