Australias banking industry is under threat due to a heavy reliance on encryption that hackers are increasingly finding their way around. Social engineering tricks are circumventing Internet banking encryption. The Commonwealth Bank of Australia said SSL encryption has served the bank and their customers well, and it is confident it will continue to do so. Security experts claim Internet banking fraud drains as much as 2 to 5 percent of revenue, the financial services industry isnt as forthcoming when it comes to discussing online threats, and the Australian Bankers Association refuses to comment.”]
Source: https://www.csoonline.com/article/2119837/social-engineering-replaces-guns-in-bank-heists.html