ORX News digest of the month – February 2018
- 12 March 2018
Every month the ORX News team publishes a featured digest from the ORX News Service. It's a detailed look at one of the losses reported in the media that month, and is handpicked by the team as one of the most interesting stories.
February's digest summary:
Along with uncovering a $2bn fraud in February, Punjab National Bank faced an additional challenge after it discovered that the credit and debit card information of over 10,000 of its customers was for sale on the dark web at $4.50 per card.
According to the security firm which uncovered the breach, the information had been available to purchase for at least three months. The security firm’s initial attempt to contact PNB was frustrated when the email it sent to the cybercrime contact address listed on the bank’s website bounced.
PNB is still investigating how the details ended up on the dark web, but it’s likely that the bank’s security was compromised as most of the data came from a single source.