HSBC hacked leaked customer data

The international financial institution HSBC said it was violated in October. According to the company, names, addresses, transaction history, account information, and more have leaked.
HSBC
In a Communication [PDF] filed with the state of California, the bank said it was aware that some online accounts were accessed by unauthorized users between Oct. 4 and Oct. 14. The offended a portion of the bank's American customers (less than 1 percent of its American customer base), the company told the BBC, but exact numbers have not been released yet.

Spread names, addresses, birthdates, and account balances, transaction histories, and account numbers.

"HSBC deplores this and takes responsibility for protecting its customers," the bank said in a statement.

We have warned customers whose accounts may have been compromised and are offering them one year s in their transactions an anti-theft service.

The hack appears to have been done with brute force attacks. Attackers managed to discover passwords using automated methods of account credentials.

Bryan Becker, researcher of WhiteHat Security applications Reported:

In general, banks require some form of two-factor authentication, and this stops any attack that uses credential stuffing. So we have the question: Why wasn't HSBC using two-factor authentication, or if it was, what was the real reason for it? s?

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Written by giorgos

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