Security Market Segment LS
Tuesday, 04 June 2019 04:58

Details of 100,000 Australians leaked through PayID Featured

By
Details of 100,000 Australians leaked through PayID Pixabay

The inherent weakness at the heart of the real-time payments platform PayID has been exposed, with the details of about 100,000 Australians being leaked through an attack on the Westpac bank.

Nine reported that Westpac had confirmed the incident, but not provided an indication as to how many people were affected.

PayID is available under the New Payments Platform and allows anyone to transfer money using a mobile number or an email address. But on the downside, one can confirm the name of an account holder by using their mobile number or email address.

A confidential memo obtained by Nine provided details about the leak. "On 22 May 2019, Westpac noted that a high volume (600,000) of NPPA PayID lookups was made from seven compromised Westpac Live accounts. "[Around 98,000] of the lookups successfully resolved to a short name and this was displayed to the fraudster," it said.

The memo said these attacks had been taking place since 7 April and the attackers were probably offshore, with the logins indicating they were based in the US.

The Commonwealth Bank was the first to begin offering PayID in February last year.

Contacted for comment, a Westpac spokesperson said: "Westpac can confirm we had detected misuse of the NPP’s PayID functionality and we took additional preventive actions which did not include a system shutdown.

"No customer bank account numbers were compromised as a result.

"Westpac Group takes the protection of customer data and privacy extremely seriously and we continually monitor our systems."

Read 3121 times

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

GET READY FOR XCONF AUSTRALIA 2022

Thoughtworks presents XConf Australia, back in-person in three cities, bringing together people who care deeply about software and its impact on the world.

In its fifth year, XConf is our annual technology event created by technologists for technologists.

Participate in a robust agenda of talks as local thought leaders and Thoughtworks technologists share first-hand experiences and exchange new ways to empower teams, deliver quality software and drive innovation for responsible tech.

Explore how at Thoughtworks, we are making tech better, together.

Tickets are now available and all proceeds will be donated to Indigitek, a not-for-profit organisation that aims to create technology employment pathways for First Nations Peoples.


Click the button below to register and get your ticket for the Melbourne, Sydney or Brisbane event

GET YOUR TICKET!

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

BACK TO HOME PAGE
Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments