“It is a very intimate game between organised crime innovating attack methods and the banks coming up with defences against these,” says David Ferbrache, technical director at KPMG and former head of cyber and space for the UK ministry of defence. The crooks made off with $81m that was on deposit at the US Federal Reserve.įT banking editor Martin Arnold tries on a face mask in a demonstration of how biometrics authentication could be hacked The seriousness of this threat was underpinned when one of the biggest bank robberies in history was carried out by cyber thieves in an audacious raid on the Bangladesh central bank in February. If a database of fingerprints is hacked into, that could compound the problem.” Batten the hatchesĬyber security has already shot to the top of the boardroom agenda for banks, particularly after 76m customers at JPMorgan Chase, the biggest US bank, were shocked to learn that some of their personal data were stolen two years ago.
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