RealNews

Online bank guards e-mail from harvest attackers

US online bank Bancorp Bank claims to have eliminated website downtime and improved the efficiency of its e-mail communications after installing IT to protect its systems against directory harvest attackers. The bank, which provides managed online banking services for more than 60 US organisations, put in protection systems last year after a series of attacks by spamming groups disrupted e-mail communications with its 8,000 banking customers. Bancorp discovered its systems were being bombarded by messages from hacking groups attempting to identify valid e-mail addresses on the company’s systems for resale to spammers. Pete Chiccino, chief security officer at Bancorp, said, “This caused a slowdown in mail delivery because we were trying to process the invalid messages. It took us offline while we waded through 30,000 e-mails. One time it was an entire day.” Full Story

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