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Are Man-in-the-Middle Attacks Still a Threat?

Man-in-the-Middle attacks, where a malicious actor secretly intercepts and possibly alters the communication between two unsuspecting parties, have significantly escalated with digital connectivity and remote work surge. While the attack method is not new, its implications have grown in magnitude in the era of widespread digital transformation.

Modern businesses, from multinational corporations to small and medium enterprises, are constantly targeted by MitM attacks, often needing their knowledge. Consequently, vital data is compromised, financial losses are incurred, and trust is eroded. These scenarios underscore the urgency for organizations to understand and take preventative measures against MitM attacks.

This article discusses MitM attacks, how they operate, and why they’ve become a critical concern for contemporary businesses. We will also explore various preventive strategies organizations can deploy to safeguard against these invisible yet potent threats.

 

Current Threats to Financial Infrastructure

In June 2023, Microsoft announced that it had discovered Storm-1167, a group of hackers and machines launching Adversary-in-the-Middle (or Man-in-the-Middle) attacks against financial institutions. 

These attacks use landing pages to harvest login credentials and multi-factor authentication (MFA) credentials like one-time passwords. Outside of this, these attackers use standard MitM methods like phishing emails, SMS texts, and Business Email Compromise (BEC) attacks. 

 

What Are Man-in-the-Middle Attacks?

A MitM attack is a cybersecurity attack where an attacker secretly intercepts and potentially alters data sent between two parties who believe they are directly communicating. 

In an attack scenario, the attacker enters a connection with two or more victims through some fraudulent means and relays messages between them, making them believe that they are talking directly to each other over a private connection when the attacker controls the entire conversation.

There are several types of MitM attacks, including:

How Do Man-in-the-Middle Attacks Work?

MitM attacks occur when an outside entity intercepts communication between two systems. This can happen in any form of online communication, including email, texts, or even packet-level transmission.         

The basic steps for a MitM attack are:

 

How Can My Organization Prevent MitM Attacks?

Prevention techniques are myriad and complex primarily because there are so many vectors through which an attack can occur–and so many ways that the threat can evolve once it’s successful. These measures range from prophylactic security like encryption to ongoing soft security on an organizational level.

Here are several methods an organization can use to help prevent such attacks:

Cybersecurity is an ongoing process where an organization continually reviews and updated. Even if you implement these measures, your organization must constantly update and train to meet evolving threats. 

 

Integrate Common Security Measures for Compliance with Lazarus Alliance

Make sure that your security infrastructure maintains common countermeasures against Man-in-the-Middle attacks–a basic foundation for any compliance strategy. Work with Lazarus Alliance. 

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