Payoneer hack in Argentina: 2FA bypass attack or phishing?

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Payoneer hack in Argentina: 2FA bypass attack or phishing?
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  • 📰 IntEngineering
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The technology ensures that even if someone cracks your password, they can't enter your account or use it as they please.The Signaling System 7 , which is called Common Channel Signalling System 7 in the U.S., is a set of telephony signaling protocols that are used to set up and manage telephone calls in Public Switched Telephone Networks .

Reverse engineering will be required to reconstruct and understand how the attack happened - and neither Movistar nor Payoneer seem to be willing to do this.Phishing is a type of cyberattack where hackers impersonate legitimate entities in an attempt to lure people into revealing sensitive information.to get them to click on links that lead to fake websites . There, the victims are asked to enter personal information or are tricked into downloading malicious software.

However, users worry that the company has primarily attributed the attack to smishing, which would mean the customers are at fault for the hacks. In such cases, many financial entities do not take responsibility for the lost funds.Soon after Payoneer indicated it was aware of the issue, some users received new smishing attempts from another fake website hosted in Russia.

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