Bank hacking incident in the Philippines

Some banks and even retail stores in US have been attacked by hackers.Now, lets see what bank hacking means and how we can avoid it from happening.

• Bank Hacking is more profitable than kidnapping or robbery
• Appears victim-less because of the lack of violence (but serious financially)
• Involves fewer people and resources
• Generates more money and targets more people

According to Drexx Lagui,Digital Forensic Expert, the easiest thing to do is to go after the bank account holders themselves or the individual persons like the branch managers because they have the authority and their names are published in the internet.

In  a recent case, hackers targeted a branch manager. Locally the security breach was caught as were the perpetrators. The hackers broke in the computer and transferred money to a Las Pinas branch, due to the security features of the bank they were able to find out that the money was fraudulently transferred as there were indications of hacking attacks.

Tips to Spot Hacking:

• Watch out for suspicious e-mails.
• Be careful of the sites being visited
• Hackers profile based on the sites visited
• Hackers send e-mails appealing to the targeted victims interests and weaknesses

Tips Against Hacking:

• Call your own bank to double check email from them
• Call the police to confirm if they have emailed you 
• Do not immediately click on any link nor reply unless you have verified 

Banks are not obligated to give your money back if your account was hacked through your actions. Most bank will replace the money as an act of goodwill but still depends on the bank's discretion if they will replace the money that was stolen. 

According to Drexx hackers have impressive credentials as well. Russia and China have the most successful hackers. Other than this, we also have to watch, as per Drexx there are rumors that even our politicians are involved in hacking for the incoming 2016 election. 

Bank continue to upgrade their security system but account holders still have to remain vigilant against these hackers as we do not know when they might attack.

Acknowledgement: 

Content Credit: ANC/Salve Duplito

Image Credit: www.ehackingnews.com