CBA Forced to Shut Down NetBank Due to Phishing

Posted by John B. Frank Tuesday, June 30, 2009

Phishing Can Be Eliminated Easily. Banks Issue Card, Banks Issue PIN, what's missing? HomeATM's PCI 2.0 Certified PIN Entry Device, which would allow users to "swipe" their card and enter their PIN, as opposed to "typing" their UserName and Password. What do you think phishers phish phor? Right, the log-in details. If consumers swiped their card and entered their PIN for online banking access (like they do for ATM access) Phishing would be eliminated...

Finextra: CBA takes NetBank offline as phishing activity spikes

CBA takes NetBank offline as phishing activity spikes
Commonwealth Bank of Australia's online banking operations have suffered multiple outages, sparking speculation that the bank has fallen prey to a massive Denial of Service attack by hackers.

NetBank began experiencing problems over the weekend before falling over Monday morning. The bank got the service back online early afternoon only for the system to stumble again later in the day.

CBA's Netbank has been the subject of fierce phishing activity since introducing a major upgrade last month.

Speaking to local newspapers, NetBank CEO Micahel Harte said the bank took the site offline when performance issues started to affect service quality early Monday.

Continue Reading at Finextra

phishing, CBA, Commonwealth Bank, NetBank

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