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DefCon 15: Hacking the New Online Banking Authentication Systems

RoySAC.com — Brendan O'Connor demonstrated on Sunday at DefCon 15 in Las Vegas to an horrified audience how simple it is to hack the new authentication systems, put in place by banks due to new regulations, to improve security for their customers. The complete opposite is true! The new systems aid hackers in taking over somebodies banking account instead.

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