Flaw in HSBC Online Banking Exposes 3 Million Customers

Researchers at Cardiff University have uncovered a flaw in HSBC’s online banking security process that has left over three million customer accounts vulnerable to attack over the last two years.

The researchers found that anyone using the attack would have guaranteed access to an account with at most nine tries.

The researchers have so far only divulged that the vulnerability would mean a machine compromised with a key-logger would quickly reveal all the information a criminal would need to gain fraudulent access to an account.
via Register