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It seems that the compromised wireless network was ‘protected’ using WEP (Wired Equivalent Privacy) encryption, one of the weakest forms of Wi-Fi security that can be cracked in as little as three seconds.
Given the proliferation of wireless access points to financial institutions, it might be an appropriate moment to dust off those old WiFi security policies and triple-check defences. A break-in on the TJX scale would be enough to finish off any bank.
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Nkiru Uwaje Chief Operating Officer at Mansa
12 September
Dirk Labuschagne Chief Information Security Officer at Direct Transact
Alexander Boehm Chief Executive Officer at PayRate42
Hugo Chamberlain COO at smartKYC
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