Criminal hackers have found a way round the latest generation of online banking security devices given out by banks, the BBC has learned. After logging in to the bank's real site, account holders are being tricked by the offer of training in a new "upgraded security system". Money is then moved out of the account but this is hidden from the user. Experts say customers should follow banks' official advice, use up-to-date anti-virus software and be vigilant. Devices like PINSentry from Barclays and SecureKey from HSBC - which look a lot like calculators - ask users to insert a card or a code to create a unique key at each login, valid for around 30 seconds, that cannot be used again.
This brought a new level of online banking security against password theft. The additional line of defence provided security even if a user's computer along with any password information was hacked....Read more here--: BBC News - Hackers outwit online banking identity security systems
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Hackers outwit online banking identity security systems
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#15corpio commented6 February 2012, 17:35Editing a commentHackers are again gunning for Britain's 25million internet banking users after cracking the latest generation of security devices. Criminals have burst through banks' new calculator-style keypads to raid customers' accounts, a BBC investigation has found. The likes of HSBC's new Secure Key and Barclays' PINSentry were supposed to quash crime to near zero. But dangerous new viruses could add to the millions stolen online last year, experts say. Gary Clark, of data protection company Safenet, said the findings 'raise serious questions' over ordinary anti-virus protection. In October, This is Money explained how malicious bugs can masquerade as internet bank pages, fooling unwitting account holders into handing over their cash....Read more here--: Hackers crack new online banking security putting 25m people at risk
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