Hacker had no access to accounts: CBA

The Commonwealth Bank of Australia today moved to reassure its customers that no hacker had accessed their accounts.

A bank spokesman said claims by a hacker on talkback radio this morning that online accounts could be accessed were being investigated and he reiterated customers' money was safe.

The hacker referred to only as Mr Williams said he could hack into the bank's online service and has details of 50,000 customer accounts.

He said a flaw in the CBA's quick line service allowed him to break into accounts to potentially steal unlimited funds.

A bank spokesperson said the matter is being taken seriously but emphasised its online banking service had not been hacked.

She said the bank would be happy to meet with Mr Williams to discuss the allegations after it had carried out its investigation.

A former IT security director at one of the big four banks told CW the problem is not with the Commonwealth's core systems but is the inherent insecurity of the user's own computers.

He said a hacker can access user details stored on the users' own computer by analysing downloaded code.

"This is not the first time this has happened and similar problems exist with other banks and e-commerce transactional Web sites," the security source said.

"In this instance Mr Williams has capitalised on the media hype to embarrass the Commonwealth Bank; the tragedy is that consumers will focus on the bank's problems without thinking through the real issues involved."

Join the PC World newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Sandra Van Dijk

Computerworld
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?