No quick fix to Chinese bank virus, security experts warn
The warning follows an order by the Monetary Authority on Monday demanding that banks step up online banking security after three clients, from two banks, lost HK$289,000 between April and June from unauthorised online transactions. Eight banks have reported being targeted.
The customers who lost money were believed to have accessed their online banking accounts using personal computers infected with Trojan horse programs that record keystrokes and send the information to a hacker. The hacker then logged in to the account using the stolen usernames and passwords.
A one-time password - generated by a security device given by the bank or sent as a text message - to authenticate transactions was also intercepted in the same manner and enabled hackers to transfer the money.
