HSBC Online Banking Security Flaw Exposed

If you have a HSBC account you may want to keep a close eye on the account for a few days and check with them to make sure everything is safe (I would assume the security flaw has already been fixed).

A security flaw in the UK’s HSBC Bank online banking system has left over three million customers’ accounts dangerously vulnerable to outside attack from hackers.

Two researchers working within Cardiff University’s School of Computer Science, Professor Antonia J Jones and Joseph R Rabaiotti, together with a third independent researcher, Stuart P Goring, uncovered the vulnerability in HSBC’s web banking system.

Without in any way hacking or even entering the system, the researchers demonstrated that the problem, together with the use of a key-logger to record keystrokes, could allow an attacker to gather all the necessary information required to enter any customer account.

You Can Read More about the HSBC Security Flaw Here and Here.