Raw Video: Men Place Card Skimmer on ATM Store Machine! Learn to Hack. Bangladesh bank hackers fail in bid to net $1bn. Online break-in forces bank to tighten security. Image copyright Getty Images Two major high street banks will change security procedures after journalists from BBC Radio 4's You and Yours programme broke into an account online and removed money.
Recently bank customers accounts have been successfully attacked by criminals who divert mobile phone accounts. HSBC banking app replacing passwords & memorable questions with Touch ID and voice-recognition. HSBC has told the BBC that it is going all-in on biometric security, replacing both passwords and memorable questions with a combination of Touch ID and voice-recognition.
The bank says that the option will be offered first to customers of its UK branchless subsidiary First Direct before rolling out to 15 million HSBC customers. First Direct’s customers will be offered the voice and fingerprint recognition system over the next few weeks, followed by HSBC’s in the summer.Francesca McDonagh, HSBC UK’s head of retail banking and wealth management, said: “The launch of voice and touch ID makes it even quicker and easier for customers to access their bank account, using the most secure form of password technology – the body.” The hi-tech security approach is heavy on Apple tech … HSBC online banking is 'attacked' HSBC says it "successfully defended" an attack on its online banking system but services are disrupted on a key day for many people's personal finances.
The bank is apologising to customers trying to login to its online banking, which, for many, is unavailable. It said it was working with the authorities to "pursue the criminals responsible". The final Friday in January is payday for many and is also two days ahead of a key deadline for paying tax. Sunday is the last day for filing self-assessment tax forms online and is when millions of people settle their tax bill with HM Revenue and Customs (HMRC). Online banking fraud 'up by 48%' - BBC News.
Losses from online banking fraud rose by 48% in 2014 compared with 2013 as consumers increasingly conducted their financial affairs on the internet.
The rise is due to increased use of computer malware and con-artists tricking consumers out of personal details, Financial Fraud Action said. In addition, fraudsters are targeting firms in order to steal bigger amounts. However, the £60m loss is considered to be "relatively modest" with more than half of UK adults using online banking. Overall losses on UK cards from fraud totalled £479m in 2014, up 6% on 2013, according to Financial Fraud Action. Is your heartbeat the key to secure banking? Banks to allow account access using fingerprint tech. 17 February 2015Last updated at 20:13 ET By Kevin Rawlinson BBC News.
Hackers steal £650m – 10 ways to protect your bank account. The hackers used illegal software to infect banks' computer systems, rather than target individual customer accounts.
They sent an infected email to an employee, a tactic known as "spear fishing". Once the employee opens the email, the hackers can jump into the bank's network. They use the infected computer to gain access to an administrator's computer, providing video surveillance of everything going on in the office. Bank Hackers Steal Millions via Malware. Photo PALO ALTO, Calif. — In late 2013, an A.T.M. in Kiev started dispensing cash at seemingly random times of day.
Hackers exploit NFC phone payment technology. 13 November 2014Last updated at 12:25 ET The bugs in the payment system could let attackers get at the contents of a phone Several bugs in Near Field Communication (NFC) payment systems have been found by security experts.
Millions of customers vulnerable to fraud, warn banks. 13 October 2014Last updated at 08:08 ET The UK's High Street banks are warning that millions of account holders are vulnerable to fraud - online or over the phone.
JPMorgan and Other Banks Struck by Cyberattack - NYTimes.com. Photo A number of United States banks, including JPMorgan Chase and at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people briefed on a continuing investigation into the crimes.
The hackers infiltrated the networks of the banks, siphoning off gigabytes of data, including checking and savings account information, in what security experts described as a sophisticated cyberattack. The motivation and origin of the attacks are not yet clear, according to investigators. The F.B.I. is involved in the investigation, and in the past few weeks a number of security firms have been brought in to conduct forensic studies of the penetrated computer networks.
According to two other people briefed on the matter, hackers infiltrated the computer networks of some banks and stole checking and savings account information from clients. JPMorgan has not seen any increased fraud levels, one person familiar with the situation said. But not all of them. Hacker Attack on Banks Shows Need to Lock Down Employee PCs. It is every CEO's nightmare: you wake up to screaming headlines that your company's computer system has been hacked. The full story behind, and the threat posed by, a hacker attack on JPMorgan Chase and other banks were still fuzzy as the news coverage roared Thursday. But if even some of the reported details are correct, the episode sends three important warnings to banks about: the increasing power of malware attacks, the vulnerability of employees and their home personal computers to phishing and other attacks, and the ability hackers seem to have to roam freely around banks' networks once they have broken through the front door.
What Financial Firms Can Learn from Target s Crisis Response. Gregg Steinhafel's tenure as chief executive of Target came to an unfortunate conclusion this week when the retail chain announced that its leader was stepping down. Steinhafel's demise as CEO was not a direct result of the data breach that compromised the data of 110 million customers last December.
Rather, it was the company's response to the data breach that likely created new questions about its leadership. Three fundamental crisis response concepts might have helped Steinhafel stay at his post. The same lessons apply to any financial institution that finds itself dealing with a major data breach—and they could help the next bank CEO that faces a public relations disaster hang onto his job. First, every company handling data requires a pre-planned customer response strategy in the event of a crisis. Customer response systems must be at the ready when a breach is announced. FBI warns shops to watch for checkout thefts. 24 January 2014Last updated at 05:35 ET Criminals using fake credit cards, made with data stolen from Target, are already being arrested. Cash machines robbed with infected USB sticks. 30 December 2013Last updated at 08:48 ET By Chris Vallance BBC Radio 4 The thieves focused on high value notes to minimise the time they were exposed Researchers have revealed how cyber-thieves sliced into cash machines in order to infect them with malware earlier this year.
The criminals cut the holes in order to plug in USB drives that installed their code onto the ATMs. Tyupkin: Manipulating ATM Machines with Malware - Securelist. Earlier this year, at the request of a financial institution, Kaspersky Lab's Global Research and Analysis Team performed a forensics investigation into a cyber-criminal attack targeting multiple ATMs in Eastern Europe. Tyrupkin cash machine hack 'dispenses wads' 8 October 2014Last updated at 09:28 ET By Dave Lee Technology reporter, BBC News WATCH: Kaspersky Lab published this clip showing the hack. iPhone ATM PIN code hack- HOW TO PREVENT. Contactless payment data can be picked up at a distance. 30 October 2013Last updated at 13:58 ET Contactless payment information can be harvested from a distance, researchers have warned Data transmitted during contactless payments can be picked up from almost half a metre, researchers have warned. Inconspicuous equipment including a shopping trolley, a backpack and a small antenna were used to intercept synthesised payments card data.
Is Your Fingerprint Your New Digital Password? We’re entering a new era of identity verification, in which the Internet builds itself off of knowing exactly who you are rather than preserving your anonymity behind a goofy username. Apple Opens a Door for Banks in Biometrics. By adding fingerprint analysis to the latest version of the iPhone, Apple (AAPL) has acknowledged a problem bankers have been howling about for a decade: the need for stronger authentication. The standard two-factor authentication — a username and password — has proven vulnerable to hacking, particularly when consumers leave the same passwords on every device they touch. Uld iPhone's fingerprint sensor help kill off passwords?
Bionym Wristband Authenticates Using Wearer s Heartbeat. Bank customers to sign in with 'finger vein' technology. A new way of accessing bank accounts is being launched which identifies individuals through the unique pattern of veins in their fingers. Banks Vulnerable to Same Type of Attack That Hit Times Website. London police nab 12 in alleged cyber-bank heist plot. IBM to Buy Fraud Prevention Firm Trusteer. How Banks Can Block a DDoS Attack. What Will Replace the Password? - Bank Technology News Article. First Look: The Trouble with Challenge Questions. How to Tell Customers You re Under (Cyber) Attack.