Hackers outwit on-line banking security

If you ever doubted either the inventiveness of criminals, or the need for taking sensible security precautions this story should be a wake up call;

http://www.bbc.co.uk/news/technology-16812064

Hackers have developed ‘Man in the Browser’ attacks that potentially allow them to circumvent even the relatively new 2-factor chip and pin security many banks now implement.  These attacks also have the potential to at least temporarily evade protection such as AV software and any blacklists as they will redirect to new sites that are not yet known by security firms.

In short stay vigilant, keep your computer(s) protected and up to date, and always use security software such as anti virus etc.  And as documented by Bruce Schneier several years ago we need to look at authenticating each transaction.

K

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Author: Kevin Fielder

Innovative and dynamic security professional, with a passion for driving change by successfully engaging with all levels of the business. I am a determined individual with proven ability to provide security insights to the business, in their language. These insights have gained board buy in for delivering security strategy aligned to key business goals. This is achieved by understanding the need to drive change through people, process and technology, rather than focusing exclusively on any one area. I take pride in being a highly articulate, motivational and persuasive team-builder. I have a strategic outlook with the ability to engage with and communicate innovative and effective security solutions to all levels of management. Along with a proven ability to translate security into business language and articulate the business benefits I am also passionate about leading security innovations and making security a key part of the business proposition to its customers. Security should be made a key differentiator to drive sales and customer retention, not just a cost centre! Outside of work I am a proud husband and father to an awesome family, and a passionate CrossFit coach and athlete.

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