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Flaw found in PayPal two-step authentication
Flaw found in PayPal two-step authentication

Flaw found in PayPal two-step authentication

SERVICES NEWS

ChainStoreAge.com - Jun 26th 2014, 11:17

California – Researchers at computer security firm Duo Security have discovered a flaw in the two-step method PayPal uses to authenticate account-holders. 

The flaw involves a temporary security key PayPal users can generate with a personal device as an additional step, along with their password for account login.

Working properly, this second step requires a hacker or fraudster to have physical access to a user’s personal device, as well as access to their password. However, Duo researchers discovered that experienced computer programmers could exploit vulnerability in how the PayPal mobile app communicates with the PayPal server to bypass the security key and gain account access using only a password. The flaw does not apply to desktop logins.

PayPal has issued a temporary patch for the problem and says users should not be at risk since it uses many other fraud prevention and detection methods beyond two-step authentication.
From ChainStoreAge.com 

Read more about: paypal | key generator | duo | california

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