Hackers try a bank job

Friday, 19 July 2002, 4:12 AM EST

A rival bank has been hacking into the website on which UBS Warburg stores information on derivatives trading for its staff and using this unauthorised information to assess their own market positions. It seems someone exited the Swiss-owned bank while still in possession of the relevant passwords.

I know which bank is implicated, but I am not going to name it, except to say that the place has seen a lot of departures recently. The activity in question is not illegal, merely a way of saving money, but it is potentially dangerous.

[ Read more ]




Spotlight

Banks and IT security: The elements of success

Nathan Horn-Mitchem, VP, Information Security Officer at Provident Bank, talks about delivering and maintaining IT security for 80 branches of the bank.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Fri, Mar 27th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //