What is promo abuse?
Promo abuse (also referred to as promotion abuse) occurs when customers exploit or manipulate a company’s promotional offers.
A man-in-the-middle (MitM) attack occurs when a cyber attacker intercepts and relays messages between two parties who think they’re communicating directly. It’s a type of eavesdropping where the attacker controls the entire conversation without the knowledge of the parties involved.
MITM cyberattacks, sometimes referred to as monster-in-the-middle, machine-in-the-middle, or monkey-in-the-middle attacks, pose a significant online security risk as they allow attackers to seize and manipulate sensitive personal information, including login credentials, account details, and credit card numbers, in real time.
A man-in-the-middle (MITM) attack occurs when an attacker secretly intercepts and possibly alters communications between two parties who believe they’re communicating directly with one another. The attacker inserts themselves between the two parties, relaying messages and controlling the entire conversation without their knowledge.
One example is active eavesdropping, where the attacker establishes independent connections with the victims and relays messages between them, making them think they’re communicating privately. The attacker must intercept and inject messages to maintain control. For instance, they could exploit an unencrypted Wi-Fi network as a point of entry.
The goal of an MITM attack is to bypass mutual authentication, and it can only succeed if the attacker convincingly impersonates each endpoint. For that reason, many cryptographic protocols incorporate endpoint authentication to prevent this kind of attack, such as trusted certificate authorities.
In a man-in-the-middle (MITM) attack, cybercriminals insert themselves into data transactions or online communication, often through malware distribution. Attackers can intercept the data that users exchange during transactions or interactions by gaining access to their web browsers, particularly targeting secure authentication processes used in online banking and e-commerce sites.
These attacks typically involve two main steps: data interception and decryption. During data interception, the attacker intercepts data transfers between a client and a server, tricking both into believing they’re communicating directly with one another while the attacker acts as a proxy.
Here’s how it typically works:
In the decryption phase, intercepted data is unencrypted, which allows the attacker to decipher and misuse it. This way, attackers engage in identity theft or disrupt business operations, using the stolen information for malicious purposes.
Man-in-the-middle attacks come in different shapes and forms. Here are the main types of MITM attacks to be aware of:
Users can take several practical steps to prevent MITM attacks. Let’s go over some of them:
MITM attacks pose a significant threat to cybersecurity, as they allow cybercriminals to intercept and manipulate sensitive data exchanged between parties. However, by implementing proactive security measures and staying vigilant against common attack vectors, individuals and organizations can mitigate the risk of falling victim to these malicious activities.
Promo abuse (also referred to as promotion abuse) occurs when customers exploit or manipulate a company’s promotional offers.
Whitebox machine learning refers to machine learning models that are transparent, interpretable, and explainable. Unlike blackbox models, where the decision-making process is …
Ticket scalping involves purchasing event tickets in large numbers to resell at a higher price. Ticket scalping can be considered ticket fraud …
Eftsure provides continuous control monitoring to protect your eft payments. Our multi-factor verification approach protects your organisation from financial loss due to cybercrime, fraud and error.