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A Foolproof Way To End Bank Account Phishing?
tcd004 writes "F-Secure's Mikko Hypponen proposes an elegant solution to the problem of bank account phishing in the latest Foreign Policy magazine. Hypponen thinks banks should have exclusive use of a new top-level domain: .bank. 'Registering new domains under such a top-level domain could then be restricted to bona fide financial organizations. And the price for the domain wouldn't be just a few dollars: it could be something like $50,000 — making it prohibitively expensive to most copycats. Banks would love this. They would move their existing online banks under a more secure domain in no time."
"Foolproof systems do not take into account the ingenuity of fools."
Until you realize it was your own money.
How do I make an online deposit?
Are there penalties for early withdrawal?
Engineering is the art of compromise.
Now all you've got to do is fake up an email from your bank, send it to yourself. Then when you fall for the trick you'll have your username/account number and passwords. You are truly a l33t hax0r.