How do people’s bank accounts still get hacked?

Question

I’m trying to wonder how is someone able to get hacked and wake up one day only to see their bank account is sitting at a zero.

Aren’t there barriers in place like IP location verification, 2-factor authentication, and other security?

In: 0

Answer 1

Many users don’t have 2 factor authentication enabled, even for new devices. Sometimes the user is convinced to give an attacker the OTP codes for 2 factor authentication