Attackers hijacked a bank’s online presence

Synopsis

Important to state upfront, it's not completely clear whether this event actually happened or whether this was a description of a plausible scenario from security researchers, Kaspersky Lab. Kaspersky described "an unprecedented case of wholesale bank fraud" explaining it was the first time they observed such a large-scale attack.

Either way, the case provides some useful content about new/missing controls and how quickly, without relatively simple precautions in place (multi-factor authentication), a domain switch can undermine practically all other implemented security measures such as the encrypted website or locked down network.

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