Security Newsletter

4 Oct 2021

MFA Glitch Leads to 6K+ Coinbase Customers Getting Robbed

The accounts of at least 6,000 Coinbase customers were robbed of funds after attackers bypassed the cryptocurrency exchange’s multi-factor authentication (MFA).

According to a notification letter Coinbase sent to affected customers and filed with the California state Attorney General’s office, the theft happened between March and May 20, 2021.

The attacker(s) used a flaw in Coinbase’s account recovery process to seize the SMS two-factor authentication tokens needed to break into customers’ accounts and transfer funds to crypto wallets unassociated with Coinbase.

 

New Azure AD Bug Lets Hackers Brute-Force Passwords Without Getting Caught

Cybersecurity researchers have disclosed an unpatched security vulnerability in the protocol used by Microsoft Azure Active Directory that potential adversaries could abuse to stage undetected brute-force attacks.

"This flaw allows threat actors to perform single-factor brute-force attacks against Azure Active Directory (Azure AD) without generating sign-in events in the targeted organization's tenant," researchers from Secureworks Counter Threat Unit (CTU) said in a report published on Wednesday.

The weakness resides in the Seamless Single Sign-On feature that allows employees to automatically sign when using their corporate devices that are connected to enterprise networks without having to enter any passwords.

 

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Kindred Group in brief

Kindred Group is one of the world’s leading online gambling operators with business across Europe, US and Australia, offering 30 million customers across 9 brands a great form of entertainment in a safe, fair and sustainable environment. The company, which employs about 1,600 people, is listed on Nasdaq Stockholm Large Cap and is a member of the European Gaming and Betting Association (EGBA) and founding member of IBIA (Sports Betting Integrity Association). Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com.