Feeds

German Postbank uses e-signatures to curb phishing

Dotted line in the sand

Providing a secure and efficient Helpdesk

German bank Postbank is going to introduce electronic signatures to all email correspondence with its customers in an attempt to curb phishing.

By clicking on the symbol in the email, customers can see whether the e-signature is valid. Last year, the bank introduced a new transaction number system (iTAN) to protect customers from online phishing attacks.

Postbank, one of the largest banks in Germany with 12m customers, suffered several phishing attacks in the past from what are believed to be internationally organised criminal groups. In addition, Trojans were installed that became active every time a Postbank customer established a network connection. This allowed the perpetrators to block the passing on of TAN numbers to the bank.

According to a survey by Germany's TNS Infratest, 80 per cent of online banking customers say they wouldn't recognise a phishing email.

In December 2004, German police arrested five suspects who successfully targeted Postbank account holders. Earlier this week another phishing gang was nabbed by the Federal Crime Investigation Office, Germany's answer to the FBI. Seven men, aged between 21 and 47, planned to transfer the proceeds of their phishing scams to Eastern European bank accounts. ®

New hybrid storage solutions

More from The Register

next story
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Google recommends pronounceable passwords
Super Chrome goes into battle with Mr Mxyzptlk
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
Reddit wipes clean leaked celeb nudie pics, tells users to zip it
Now we've had all THAT TRAFFIC, we 'deplore' this theft
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
TorrentLocker unpicked: Crypto coding shocker defeats extortionists
Lousy XOR opens door into which victims can shove a foot
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.