Security Basics
RE: Re: Bank Of Montreal Online Security Nov 02 2012 07:07PM
Mikhail A. Utin (mutin commonwealthcare org) (3 replies)
Re: Bank Of Montreal Online Security Nov 04 2012 01:50AM
Davin Enigl (davinenigl comcast net) (1 replies)


On 11/02/2012 12:07 PM, Mikhail A. Utin wrote:
> Hello,
> Frankly, considering usual number of a bank customers, which could be up to 10 million, using anything better than a user name and a password create a technical problem for IT, meaning finally money. Breaking in bank's accounts and stealing information is relativily rare. I do remember they replaced my credit cards twice during twenty years. I have accounts with 5 major banks, so see the statistics. I would believe that it is much cheaper for a bank fixing accounts, replacing cards, etc. than keeping on-line complex authentication system.
> RBS Citizens uses as well an image associated with an account that adds some security value.
> Regards
>
> Mikhail utin, CISSP

Rare? You have got to be kidding. You are a CISSP?

--Fourteen Charges in Precision Cyberheist Case
(October 30, 31 & November 1, 2012)
Fourteen people have been charged in connection with a coordinated
cyberheist that netted thieves more than US $1 million through
cash-advance kiosks at casinos in Nevada and California. The scheme
exploited a flaw in Citibank's system that is supposed to prevent
checking accounts from being overdrawn and involved making a coordinated
series of withdrawals from accounts in a brief window of time.
Ringleader Ara Keshishyan faces up to 30 years in prison and a fine of
US $1 million. The others face prison sentences of up to five years and
US $250,000 fines.
http://www.zdnet.com/fbi-catches-gone-in-60-seconds-bank-fraudsters-7000
006719/
http://www.informationweek.com/security/attacks/60-second-cash-kiosk-hac
kers-steal-1-mil/240012604?cid=InformationWeek-Twitter
http://arstechnica.com/security/2012/10/atm-heist-clears-1-million-explo
iting-citigroup-e-payment-flaw/
https://www.fbi.gov/sandiego/press-releases/2012/fourteen-charged-in-mil
lion-dollar-gone-in-60-seconds-bank-fraud

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[ reply ]
RE: Bank Of Montreal Online Security Nov 23 2012 11:45AM
Ken Schaefer (ken adOpenStatic com) (1 replies)
Re: Bank Of Montreal Online Security Nov 24 2012 06:12AM
Nathan V (nathan v gmail com)
Re: Bank Of Montreal Online Security Nov 03 2012 12:40AM
Davin Enigl (davinenigl comcast net)
Re: Bank Of Montreal Online Security Nov 03 2012 12:33AM
Davin Enigl (davinenigl comcast net)


 

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