Banks: Hackers more aggressive in attacking customer accounts

[InfoSec News <alerts () infosecnews org>]

https://www.networkworld.com/news/2012/061412-banks-hackers-260208.html

By Ellen Messmer
Network World
June 14, 2012

A survey of large financial institutions shows they faced more attacks 
by hackers to take over customer banking accounts last year than in the 
two previous years, and about a third of these attacks succeeded.

The total number of attacks to try and break in and transfer money out 
of hacked customer accounts was up to 314 over the course of 2011, 
according to the Financial Services Information Sharing and Analysis 
Center (FS-ISAC), which released findings of its survey of 95 financial 
institutions and five service providers. That's an increase from 87 
attacks against bank accounts in 2009 and 239 in 2010.

FS-ISAC is the group that coordinates on security issues with the 
Department of Homeland Security. The survey was conducted by the 
American Bankers Association.

The actual dollar losses taken by the financial institutions last year 
was $777,064, down from a high of $3.12 million in 2010. Dollar loss for 
customers was $489,672 in 2011, as compared with $1.16 million in 2010.

[...]


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