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.

Analyst

Courtenay Brammar

Experienced global enterprise risk and governance professional. Previously Vice President at Morgan Stanley, Deloitte Risk Advisory practitioner and PRMIA steering committee member in both London and New York.

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