Cybersecurity risks loom for Lebanese banks

The Daily Star

Clad in black converse emblazoned with the Batman emblem, jeans and a bracelet reading “HACKERS,” Jayson Street approached a Beirut bank last week. “I’m the IT guy from headquarters,” he told employees, in a thick American accent.Despite his manifest tech savvy, Street is not an IT guy, per se, and he wasn’t sent from headquarters.

“Once I fixed the computer, the manager was letting me behind the teller line,” he told The Daily Star. “I got an employee to give me his user ID, his password, and I got his smart card for his system.”

He stole a computer from another branch of the same bank in the same way and, in a third breach, worked his way into the bank’s computer room and logged onto their network.

Were Street a criminal, he could have committed a million dollar wire transfer with just a few clicks.

Source: The Daily Star FULL STORY