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The latest Banking Trojan caused the bank to lose revenue but that’s not their only problem!

bank hacking

The latest Banking Trojan caused the bank to lose revenue but that’s not their only problem!

Let’s start with a bird view on the latest banking Trojan and dive into the hacker’s methodology.

bank hacking

bank malware, hacking the bank

The picture was taken from Securelist blog, link to the full article

Customers expect brands and companies that serve them to protect them, especially when it comes to sensitive information and activities.

The latest attack on Israeli banks and to be more accurate on Israelis bank accounts, is not only a loss of revenue but also a loss of the public trust and credibility.

 

data security- data hacking eng

Picture provided from Zohar Urian’s gsma-2016 slide

This attack was carefully planned and the hackers chose to attack the weakest link- the public! The malware infected customer’s computers that were completely unprotected.

This latest attack should cause security chiefs a great discomfort as the current “user name and password” method is simply not enough! Hackers are excellent in what they do and they are getting to be even more sophisticated with time.

Not only banks and financial institutions should re- think about their security methods but every organization that holds and deals with personal privet data of its clients like government offices, healthcare business, etc.

The technology is out there:

  • OTP methodology- One Time Password methodology send the user a token that is valid for only a short period of time and ensuring that only properly authenticated users are authorized access to critical applications and data.
  • PKI– Public Key Interface allows users to exchange data in a secure manner using both public and privet keys. Read more

So what’s keeping banks, financial institutions and others from using these technologies?

Sadly it’s the fear of providing the public a somewhat more complicated authentication method that prevent organizations using the right authentication technologies.

As Ford said: if we were to ask the public what they need, they would tell us they need a better horse!

Organization should lead the transformation to a highly secure authentication method, this is what your clients expect you to.

One last issue to learn from this banking trojan attack – Getting Prepared!

You can assume that hacker attacks will accrue and at times you won’t be able to prevent them but the important thing you can do is to learn from it and understand hacker’s methodology in order to prevent the next Trojan.

Want to learn more about how you can protect your clients & business?

Contact us

contact us

 

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Case Study A Week – MHC Government e-Archiving

This week for our "Case Study A Week series" we are proud to showcase our solution for the government ministry of housing and construction.
Our challenge was to dramatically cut down on costs, create efficiency and contribute the basis for the environment friendly oriented work ethics in the ministry.

e-Archiving to dramatically cut down costs and create efficiency.

Background

The MHC is responsible for all national Housing and Construction projects. They use and archive a lot of paper graphic plans diagrams. The Ministry was used to work with a scanning system that scans to microfilm archiving system.

The challenge
The cost of scanning and microfilm archiving is relatively high. The MHC needed to cut down on costs and create efficient work procedures, contributing to the Ministry’s new ‘environment friendly oriented’ work ethics.

The Solution
The ComSignTrust Desktop solution was installed on the existing MHC’s IT infrastructure and was integrated with the Ministry’s scanning solution. All documents were digitally signed with Qualified Signatures, binding all of them legally for any purpose..

Results

Efficient, timely decision and action on municipality decisions

Dramatic reduction of related resources and costs

 Cost effective solution

User friendly interface

High esteem and better reputation in terms of a “Green World Policy”

Immediate ROI

For more case studies and info please visit our main case study page.

Written by Chen Furstenberg

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Case Study A Week – Clalit HMO

Clalit HMOThis week for our Case Study A Week series we are proud to showcase our solution for Clalit HMO, the second largest HMO in the world.
Our challenge was to replace the hand written prescriptions doctors gives us to an electronic prescriptions digital solution.

PKI infrastructure to all the physicians – Clalit HMO.

Background
Clalit is the second largest HMO in the world, providing medical services to over 4M patients. Until recently, prescriptions were provided manually only, with the patients required to physically visit their physicians in order to receive their medication prescription and usage instructions. Internal survey also showed that 60-70% of the prescriptions provided by physicians actually do not require any physical checkup in order to be prescribed, wasting the patients’ and the physicians’ time, along with the additional unnecessary paper work to deal with.

The challenge
Replacing hand written prescriptions by electronic ones, by provision of digital certificates and PKI infrastructure to all the physicians of the HMO.

The Solution
Integration of the ComSignTrust Desktop software with a digital certificate embedded with it, enabling more than 3,000 physicians to electronically sign prescriptions and send them to the HMO’s pharmacies, for patients to pick up.

Results

Patient receiving secured prescription directly from physician, preventing forgery

 Saving time and providing more pleasant customer experience to patients

 Saving considerable resources and paper

The Clalit HMO estimates savings of 30 minutes per day per physician enabling them to treat more urgent matters and resulting in approx. 20,000$ annual costs savings per physician

For more case studies and info please visit our main case study page.

Written by Chen Furstenberg

Case Study A Week – SIXT

This week for our first Case Study A Week series we are proud to showcase our "Tablet based graphical signature solution" for Sixt Car Rental. e-Sign technology and mobile solutions combined.
Our challenge was to move Sixt client service stations to a fully automated electronic system, With a strong focus on costumer usability, experience and ease.

Tablet based graphical signature solution – SIXT rent a car.

Background
Shlomo Sixt Group is the largest and most comprehensive automotive group in Israel with nationwide branches. The company operates leases and rentals of over 70,000 vehicles. Sixt international offers over 4,500 locations in over 105 countries around the globe.

The challenge
Moving to a fully automated electronic system at all client’s service stations. By digitalizing the workflow, the vendor avoids dealing with paper prints intended for signatures and the client receives all relevant documents electronically.

The Esign technology Solution
By using ComSignTrust’s Mobile Application, a tablet based graphical signature solution, Shlomo Sixt Group now has a fully digital work process in line. The client reviews, upon the tablet, the document that he is required to sign. The representative fills out a digital form with the client’s details. The client reviews the info and then signs digitally in all obligatory fields. He then places his identification documents in the selected area, which are then scanned by the tablet’s camera and attached as an additional page to the signed documents. At the end of the process there is an option to lock the documents by using a qualified electronic signature, in order to validate it legally. The documents are digitally stored and archived and in parallel are being sent to the client’s email.

Results

Eliminates the use of papers and printers

 Saves valuable time and significant costs

Easy to activate and simple UI

Documents are secured

 Quick search of signed documents

Green and advanced organization

For more case studies and info please visit our main case study page.

Written by Chen Furstenberg