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Hackers may be able to 'outwit' online banking security devices

posted onFebruary 6, 2012
by l33tdawg

Criminal hackers have found a way round the latest generation of online banking security devices given out by banks, the BBC has learned.

After logging in to the bank's real site, account holders are being tricked by the offer of training in a new "upgraded security system". Money is then moved out of the account but this is hidden from the user.

Experts say customers should follow banks' official advice, use up-to-date anti-virus software and be vigilant. Devices like PINSentry from Barclays and SecureKey from HSBC - which look a lot like calculators - ask users to insert a card or a code to create a unique key at each login, valid for around 30 seconds, that cannot be used again.

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Hackers Encryption Security

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