Slashdot Mirror


Banks Urge Businesses To Lock Down Online Banking

tsu doh nimh writes "Organized cyber-gangs in Eastern Europe are increasingly preying on small and mid-size companies in the US, setting off a multimillion-dollar online crime wave that has begun to worry the nation's largest financial institutions, The Washington Post's Security Fix blog reports: '"In the past six months, financial institutions, security companies, the media and law enforcement agencies are all reporting a significant increase in funds transfer fraud involving the exploitation of valid banking credentials belonging to small and medium sized businesses," reads a confidential alert issued by the Financial Services Information Sharing and Analysis Center, an industry group created to share data about critical threats to the financial sector.' The banking group is urging that commercial bank customers 'carry out all online banking activity from a standalone, hardened, and locked-down computer from which e-mail and Web browsing is not possible.' The story includes interviews with several victim businesses, and explains that in each case, the fraudsters — thought to reside in Eastern Europe — are using "'money mules,' unwitting or willing accomplices in the US hired via Internet job boards. The blog has more stories and details about these crimes."

3 of 201 comments (clear)

  1. Re:...and how would you do that? by ScytheBlade1 · · Score: 4, Informative

    By locking down everything *but* that site?

    Emphasis web *browsing* - if you're locked to a subset of one site, you can't do a whole lot of browsing. The browser effectively turns into a sandboxed application, which is what the banks here want.

    English is a wonderful language.

  2. ATMs here uses Windows by TheDarkMaster · · Score: 3, Informative

    The ATMs from Brazilian Bank Itau uses Windows 2000. And I not kidding. On the "blaster" virus year, I found more than one ATM with Blaster virus.

    --
    Religion: The greatest weapon of mass destruction of all time
  3. Re:...and how would you do that? by jimicus · · Score: 3, Informative

    Since 99.99[ad nauseum]% of the users wouldn't know a hardened secure computer (I'm pretty sure Windows is categorically eliminated)

    Not true, actually. You most certainly can lock down Windows fairly heavily - in fact, Microsoft provide a tool to help you do it.

    Though to be perfectly honest I'd still stick the computer in it's own little /29 subnet with a firewall blocking all traffic in both directions except that which is explicitly allowed.