Get a Pentest and security assessment of your IT network.

News

Bank Hack How to steal $25 Billion with a few lines of code

A security expert discovered security flaws that could let anyone to steal as much as $25 Billion from one of the biggest Indian banks. The expert also discovered a serious issue in the authentication process that could be exploited by hackers to operate on the behalf of the bank customers. The hacker successfully tested the issues to transfer money from someone elses account by using his family bank accounts. Despite Prakash responsibly reporting the flaw to the bank, the financial institution did not reward it. The hack was a matter of 5 lines of code to automate the bank hack.”]

Source: http://securityaffairs.co/wordpress/47420/security/25-billion-bank-hack.html

Related posts
News

Ashley Madison 2.0 Hackers Leak 20GB Data Dump, Including CEO's Emails

News

Art of Twitter account hacking

News

Take note, next week update Adobe Reader and Acrobat to fix critical flaws

News

NSA-linked Cisco exploit poses bigger threat than previously thought