How MFA is falling short

Multi-factor authentication (MFA) is facing challenges as cyber attackers find ways to exploit its weaknesses. Companies like Retool have experienced breaches despite using multiple security layers like VPN, SSO, and Google Authenticator. Phishing, vishing, and Man-In-The-Middle tactics have been used to compromise MFA factors, leading to unauthorized access. Social engineering, session hijacking, man-in-the-middle attacks, SIM swapping, and MFA fatigue attacks are some of the risks associated with MFA. Recent developments include phishing-as-a-service platforms like "Tycoon 2FA" targeting Microsoft 365 and Gmail accounts. These attacks highlight the importance of strengthening authentication methods beyond traditional passwords and SMS OTPs. Companies are urged to adopt stronger authentication factors and remain vigilant against evolving cyber threats to uphold the security promised by MFA.