HSBC knew about security loophole in online banking

Friday, 11 August 2006, 2:03 PM EST

One of Britain's biggest high street banks knew about a security loophole in its online banking service that left millions of accounts open to fraud and did nothing about it for almost two years. HSBC initially denied the defect in its computer banking but conceded yesterday that the problem had been known about since the system was introduced.

At The Guardian.

[ Read more ]




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