Feeds

German Postbank uses e-signatures to curb phishing

Dotted line in the sand

The Essential Guide to IT Transformation

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. ®

Build a business case: developing custom apps

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
Four fake Google haxbots hit YOUR WEBSITE every day
Goog the perfect ruse to slip into SEO orfice
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.