Banks do not make the difference between a legitimate transaction and fraud

Banks do not make the difference between a legitimate transaction and fraud

Banks are finding it increasingly difficult to realize when rigged because not differentiate between a legitimate and fraudulent transaction, it said in a study of Kaspersky Lab. However, according to experts at Bitdefender, in Romania, the most vulnerable point in the bank's ATM and this is because many banks still use them and XP operating systems. It does not receive support from Microsoft for several years.

Over a third (38%) of organizations say it is increasingly more difficult to realize if a transaction is fraudulent or genuine. As companies are increasingly present in digital environments, ensuring business continuity and protect them from cyber threats will become crucial. The level of online fraud increases with the number of online transactions, 50% of financial services organizations surveyed believing that online financial fraud is increasing. Therefore, financial institutions should make every effort to protect themselves and their customers by cybercriminals.


Banks do not face risks 

The study showed that 41% of companies have implemented cyber security solution in-house, and 45% is based on a solution from their bank to cope with risks. Meanwhile, 46% of companies have implemented or only partially a solution against financial fraud or have not implemented anything. Among financial organizations, only 57% have a security solution specialized anti-fraud.

Banks do not tell customers they have lost their money 

In the United States there is a law that says if you work with personal data of clients and suffer a security breach are obliged within 48 hours to report the NSA and clients. We do not have such a law. And in our security systems are vulnerable even banks.

ATMs are the most vulnerable point between the bank and the user. There is a case where they managed to plant a virus in a bank and went to an ATM using cards, drew a limit on the card and no malware in bank ATM transaction record. They could draw the same amount of money in unlimited restrageri up emptying the ATM. 


 The problem of cloned cards


In our country there are many cases of cloned cards, because there are well-developed network of criminals who have cards from the United States. We do not have instead of cyber crime cases, directly into the system, and if we do not report the banks anyway. There were two banks that have suffered from us.

Either way, though banks take their measures can not only increase the costs of trying to rob them and where this money because there will be fraud attempts.