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.
Add iTnews as your trusted source
Got a news tip for our journalists? Share it with us anonymously here.
Partner Content
_(37).jpg&h=140&w=231&c=1&s=0)
Promoted Content
How digital pharmacy platforms are redefining healthcare in Australia
Partner Content
Beyond Compliance: How Australia's Aged Care Reforms Create an Innovation Imperative
Partner Content
Context engineering emerges as ‘next battleground’ for enterprise AI
Promoted Content
Targeting Maximum Competitive Advantage for Businesses
Sponsored Whitepapers
5 reasons to adopt a mobile first security strategy
Uncomplicate IT Service Delivery with AI Agents
Getting ahead of the tech: what’s next for Australian organisations in digital transformation
Fintech compliance made fast and secure
How to evaluate SIEM solutions Safeguarding your future Get a demo Download guide
Events
-
Huntress + Eftsure Virtual Event -Fighting A New Frontier of Cyber-Fraud: How Leaders Can Work Together
-
iTnews Executive Retreat - Security Leaders Edition
-
iTnews Cloud Covered Breakfast Summit
-
Live & Hands On Demo: Navigating the BMC AMI DevX Platform to Understand Code Faster Using AI
-
Melbourne Cloud & Datacenter Convention 2026
.jpg&h=271&w=480&c=1&s=1)
_(1).jpg&h=140&w=231&c=1&s=0)
