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IndependentKrebs

Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Credit to Author: BrianKrebs| Date: Fri, 07 Oct 2022 18:46:12 +0000

When U.S. consumers have their online bank accounts hijacked and plundered by hackers, U.S. financial institutions are legally obligated to reverse any unauthorized transactions as long as the victim reports the fraud in a timely manner. But new data released this week suggests that for some of the nation’s largest banks, reimbursing account takeover victims has become more the exception than the rule.

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IndependentKrebs

The Risk of Weak Online Banking Passwords

Credit to Author: BrianKrebs| Date: Mon, 05 Aug 2019 14:04:27 +0000

If you bank online and choose weak or re-used passwords, there’s a decent chance your account could be pilfered by cyberthieves — even if your bank offers multi-factor authentication as part of its login process. This story is about how crooks increasingly are abusing third-party financial aggregation services like Mint, Plaid, Yodlee, YNAB and others to surveil and drain consumer accounts online.

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