However, experts disagree about the severity of the loophole, and point to more positive moves in the sector. Andrew Moloney, senior product manager at RSA Security, said: "No single technology can stop fraud - you need a layered approach to security, and it's not simply a case of getting a bigger lock on the door. That said, it's essential that UK customer confidence is maintained."
The Month: HSBC launches review of customer security setup
HSBC's has launched a review of its customer security setup to address the flaws uncovered by researchers from Cardiff University, which could affect three million UK customers. The problem allowed security researchers armed with key logging software to access customers' bank accounts after only nine attempts.
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
Partner Content
What Embracing the AI Platform Shift Really Means
.png&h=140&w=231&c=1&s=0)
Partner Content
Ransomware targets Australian SME false sense of security
Unlock SMB Success with Microsoft Copilot
.png&h=140&w=231&c=1&s=0)
Partner Content
Machine identity a key priority for organisations’ security strategies: CyberArk
Sponsored Whitepapers
.png&w=100&c=1&s=0)
Gaining a Competitive Advantage with Communication APIs
_page-0001.jpg&w=100&c=1&s=0)
Leverage Technologies: Industry-Tailored ERP Implementation for Growth and Compliance
.png&w=100&c=1&s=0)
Service Over Signatures: The Truth About No Lock-In IT
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
.png&w=120&c=1&s=0)
Tech in Gov 2025
Forrester's Technology & Innovation Summit APAC 2025
.png&w=120&c=1&s=0)
Security Exhibition & Conference 2025
Integrate Expo 2025
Digital As Usual Cybersecurity Roadshow: Brisbane edition
.jpg&h=140&w=231&c=1&s=0)
.jpg&h=140&w=231&c=1&s=0)
