Security Takes Center Stage in Israeli Fintech Boom

(Financial Times-UK) Mehul Srivastava - Hackers working for an Israeli company found their way into the secrets of a major European bank. They took screenshots of the bank's senior leadership, turned on the security staff's webcams, generated codes that made ATMs spew out cash, and eventually made a 50 million euro transfer that evaded the bank's internal security. Mission completed, CYE (which stands for Cyber-Eye) presented the results of the penetration test to the bank itself, demonstrating that there were security loopholes that needed to be closed. The penetration test led to a five-year contract for the cyber security company.


2019-10-11 00:00:00

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