Feeds

Australian banks start replacing RSA tokens

Singing from the same song-sheet

The essential guide to IT transformation

The ongoing fallout in Australia from the RSA security hack continues, with both Westpac and ANZ Bank announcing they will replace customers’ tokens. Another of Australia’s “big four”, the Commonwealth Bank, is yet to decide its course of action, while there’s been no word yet from the National Australia Bank.

Westpac has not revealed how many tokens will have to be replaced, but ANZ’s user base is reported to be around 50,000.

Australia’s banks haven’t rushed to discuss the issue in public. It would appear that their hands have been forced by attacks on defense contractors that have become public in recent weeks, which are eroding confidence in the system.

Nearly every public statement from Australia’s banks has included a bromide about “multi-layered security”, suggesting either a startling lack of originality, or a boilerplate written by RSA. Here are some samples:

“One part of a multi-layered security process” – the Commonwealth Bank.

“The bank … protects customers through a multi-layered security approach” – Westpac.

“One layer of multi-layered security measures” – ANZ Bank.

Given RSA’s original reluctance to discuss the risks involved in the original security breach in March, followed by security breaches at Lockheed Martin and others, culminating in RSA’s belated offer to replace the tokens, the bankers had better hope their reassuring statements don’t fall apart in the face of events. ®

Next gen security for virtualised datacentres

More from The Register

next story
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
Linux kernel devs made to finger their dongles before contributing code
Two-factor auth enabled for Kernel.org repositories
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.