TITLE

Out-of-Band Authentication Gets Outfoxed

AUTHOR(S)
Sausner, Rebecca
PUB. DATE
December 2009
SOURCE
Bank Technology News;Dec2009, Vol. 22 Issue 12, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the move taken by banks in Great Britain to fight fraudsters from compromising out-of-band authentication. The new fraud threat called phone jacking involves a fraudster who uses social engineering to persuade a telecommunication customer service agent to forward a customer's phone calls to a number controlled by the attacker. Such phone jacking among banks was confirmed by Mark Bowerman, Association for Payment Clearing Services (APACS) spokesman.
ACCESSION #
47421842

 

Related Articles

  • BBA mulls register to ban rogue bankers. Holt, Natalie // Fundweb;10/17/2012, p19 

    The article reports on the move of the British Bankers' Association (BBA) in contemplating on the creation of an independent professional body to oversee the banking industry in Great Britain. BBA chief executive Anthony Browne reveals the importance of the independent body in restoring the...

  • Scam.  // Fund Strategy;8/6/2012, p1 

    The article presents a discourse on the antics of the banking industry in Great Britain. It mentions the revelation on the involvement of banks on various organised crime, international terrorism and other fraudulent activities. The possible emergence of photographs depicting bank directors in a...

  • Online banking customers given a share of the liability. Marshall, Holly // Computer Weekly;7/1/2008, p14 

    The article presents the author's views on changes made in the Banking Code in Great Britain. The author opines that banks and consumers need to decide on a balance of responsibility between them. It comments on the role to be played by banks, consumers, government and technology organisations...

  • Glasgow mortgage fraud trio jailed.  // Mortgage Finance Gazette;Jan2014, p22 

    The article reports that Deborah Hayburn, William John O'Neil, and Denise McNeil of Glasgow, Scotland, who defrauded the Bank Of Scotland, have been condemned to be imprisoned for a total of nine years and six months.

  • Every step counts in war on fraud. HERSCH, BENSON // Mortgage Strategy;8/26/2015, p16 

    The article discusses the issues concerning frauds in banking industry in Great Britain, and recommends lenders to have access to intelligence from anti-fraud organisations such as Metropolitan Police to prevent fraud.

  • Restaurants warned over phone scam. Gerrard, Neil // Caterer (2055-7817);08/22/2014, p7 

    The article reports on the modus operandi (MO) of fraudsters posing as bank staff in restaurants to gather customers' bank details by using bogus card payments systems in restaurants, as noted by Financial Fraud Action UK. Topics discussed include some of the restaurants that are believed to...

  • FCA charges eight men with land banking fraud. Dale, Samuel // Money Marketing (Online Edition);4/17/2013, p11 

    The article focuses on eight men who were charged with land banking fraud between the period of August 2008 and November 2011 by the Great Britain Financial Conduct Authority (FCA). The FCA was carrying out its Operation Cotton investigation into land banking firms. The firms which were...

  • Land banking fraud case costs FCA £2.5m. Norman, Tessa // Money Marketing (Online Edition);8/21/2014, p15 

    The article focuses on the land banking fraud in Great Britain. It mentions that the ssaid fraudulent activities has costs the British Financial Conduct Authority (FCA) £ 2.5 million on the cases filed by the agency againt the culprits. It also cites the move of the agency to file charges...

  • The Don gets seven years as judge condemns careless AIB and BoS. BOURKE, JOANNA // Estates Gazette;1/19/2013, Issue 1303, p35 

    The article reports that Judge Andrew Goymer sentenced tycoon Achilleas Kallakis and his business partner Alexander Williams to seven and five years in prison, respectively, for their part in the 740 million British pound fraud against Allied Irish Bank (AIB) and Bank of Scoland (BoS). Both AIB...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics