SMS two-factor authentication is vulnerable to SIM-swapping, SS7 interception, and real-time phishing relay. TOTP (authenticator app) codes are better than SMS but can still be captured on a convincing phishing page. Phishing-resistant MFA — FIDO2 hardware keys or passkeys — cannot be forwarded to an attacker's server because the credential is cryptographically bound to the exact domain. When Cloudflare was targeted by the same 0ktapus campaign that successfully breached Twilio, Cloudflare survived because their employees used hardware keys. Prioritise migration for your highest-value accounts first.
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