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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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Kathiravan Rajendran Associate Director of Marketing Operations at Macro Global
25 November
Vitaliy Shtyrkin Chief Product Officer at B2BINPAY
22 November
Kunal Jhunjhunwala Founder at airpay payment services
Shiv Nanda Content Strategist at https://www.financialexpress.com/
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