Cyber Risks · Krebs on Security

NCR Barred Mint, Quick Books from Banking Platform During Account Takeover Storm

Summary: NCR Corp. temporarily blocked third-party data aggregators Mint and QuickBooks Online from accessing its Digital Insight online banking platform in late October 2019 after a series of bank account takeovers, then rescinded the block after confirming the incident was contained. A credit union CSO told KrebsOnSecurity that several dozen customer accounts were hacked over a week in distinct 12-hour periods, with a new account accessed every five to ten minutes, and that in many cases the aggregator did not pass through the bank's multi-factor authentication prompts.

Key Takeaway: Attackers needed only a username and password to reach customer accounts because aggregator connections bypassed the bank's second factor, and the same credential-stuffing attack has likely already moved on to one of several thousand other small banks.

Read the original at Krebs on Security ↗

Topics
Identity & Access Management
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