Friday, September 23, 2005

EU banks pay for weak security

Web monitoring firm Websense is warning of a major phishing attack on European banks, possibly because they have weaker security. The company discovered attacks against over two dozen (that's 24) European banks over the weekend, primarily against Spanish and Italian institutions.

This is the first time that Websense has witnessed such a concerted attack against European banks. US sites like Citibank and PayPal are more usual targets. "We're seeing a move to find the weakest link," said Mark Murtagh, EMEA technical director at Websense.

"Bigger banks have made some strides in providing material to prevent phishing but some are still relying on just a user name or password."Interestingly The Netherlands rarely gets targeted because almost every bank there has two-factor authentication or uses one-time passwords."

CATEGORIES: 1europe, 1phishing, 1banking, 1passwords
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