Serious vulnerability in HSBC online

Cardiff University experts have uncovered a flaw in the HSBC online banking security process. 3 million customer accounts are likely to be attacked.

Cardiff University experts have uncovered a flaw in the HSBC online banking security process. 3 million customer accounts are likely to be attacked.

Picture 1 of Serious vulnerability in HSBC online
Source: AFP This vulnerability has existed for 2 years in HSBC's system. The attacker could gain legal access to any account after 9 "attempts" to exploit the vulnerability, the Guardian said.

However, detailed analysis of this discovery will only be published later this year. For now, experts only say loudly that a computer with keyboard monitoring software will quickly reveal all the information the attacker needs to access the victim account.

" The vulnerability still exists, the users are still in danger. For banks and financial institutions, there are huge customers like HSBC, not protecting users carefully can cause shaken scandal, " said the teacher. Professor Antonia Jones - the head of the research team said.

Meanwhile, HSBC said it will re-check its security process, but believes that this gap is only in the "concept" of experts, but not in the hands of criminals.

In addition, according to HSBC, the attacker must apply extremely sophisticated techniques to access a single account - a time-consuming job that does not bring them much profit.

However, experts warn that once this form of attack is automated, user accounts will be numb and "hand in hand" in the blink of an eye.

Thien Y

Update 13 December 2018
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