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phishers-get-50k-in-south-korea

Posted by: admin 15 years, 12 months ago
From Chosun.com:


In a modest online bank heist a hacker has stolen W50 million (US$50,000) from a user's account, the first time the security of the online banking system has been breached since the digital identification system requiring customers to input four different sets of pin numbers went into effect in January 2003.

Perhaps not so modest to the account holder. Obviously, adding more static passwords doesn't increase security. Using a one-time password system would thwart this particular attack.

The shock is that the online banking system, which we were told was absolutely safe on account of dual and triple security devices, was breached by a rudimentary hacking program anybody can download from an Internet site. The culprit is not a professional hacker but a high-school graduate about skilful enough to play online games and equipped with run-of-the-mill computer knowledge.


He did not hack into the bank’s computer system itself. Instead, he cut the Gordian knot by using a spyware program that tracks keystrokes on a computer where it installs itself, thus making finding out personal identification number, ID, password and security card numbers as easy as 1,2,3.



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