Myth vs Reality: MFA Stops Account Takeover, Until the Recovery Channel Is Compromised

The report explains that while MFA reduces credential-based attacks, phone-number-based recovery and fallback workflows remain vulnerable to SIM swap attacks; it recommends moving toward phishing-resistant MFA (e.g., FIDO2) and describes iVerify Enterprise's SIM Swap Detection product that passively detects SIM-transfer patterns and confirms swaps with carriers to alert security teams.