I watched this video the other day about a man who had 90k stolen out of his bank account. Now there is nothing new about that but the problem the hackers faced is that the commenwealth bank employ a SMS code verification system so in order for the attackers to transfer the money out they had to get the SMS code.
So what they did was transfer the man’s number over to an unknown carrier, and then transfered the money and wollah they now have the SMS code since they took control of his phone. Unfortunally there wasn’t much information about the attack, but I would have to think they would of had alot of personal information already to succesfully pull of the hack. Still it is something to think about on possiable hacking methods.
Tags: hacking