Banking System Vulnerability - 3 million bank accounts hacked in Iran
Iran's Central Bank has announced that the electronic information of 3 million customers of 10 Iranian banks have been compromised. These banks now require their customers to change their ATM pin numbers before they can access their account. This has caused a rush to the ATM machines by the worried customers.
Iran's Central Bank has announced that the electronic information of 3 million customers of 10 Iranian banks have been compromised. These banks now require their customers to change their ATM pin numbers before they can access their account. This has caused a rush to the ATM machines by the worried customers.
The hacker was identified as
Khosro Zare', a former bank-system specialist in Iran who recently left
the country.Zare' claimed in a blog that he hacked the PIN codes to
highlight the vulnerability of Iran's banking system.
According to the report, the
hacker had provided the managing directors of the targeted banks with
information about the bank accounts of 1000 customers in the previous
Iranian calendar year (ended on March 19) to warn them about the
susceptibility of their computer systems and networks to cyber threats.
But Central bank officials had earlier downplayed the reports, saying that "the threat to Iran's banking system is not serious."
Finally to proof
the Vulnerability he dumped the account details of around 3 million
individuals, including card numbers and PINs, on his blog ircard.blogspot.ca.
At least three Iranian banks
(Saderat, Eghtesad Novin, and Saman) have already sent text messages to
their clients, warning them to change their debit card PINs. The
warning was repeated on state TV channels.
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