THELOGICALINDIAN - Fidelity Bank is on the account of a growing cardinal of institutions facingwebsite birthmark and annexation of chump abstracts The absolute banking area is a ambition for hackers as best of these institutions accept poor aegis implementations on both their website frontends and their database backends Hack for Trump as the hacker aggregate amenable for this advance calls itself demands a US30000 bribe from its victims
Also read: Banks Could be Working on Blockchain-Based Digital Vault Project
Fidelity Bank Data Obtained and Website Hacked
As if the Fidelity Bank website hack itself wasn’t bad enough, the “Hack for Trump” aggregate additionally managed to get their easily on acute data. No chump banking abstracts has been breached, but arcane abstracts about Fidelity Bank itself and a few hundred centralized emails accept collapsed into the amiss hands.
Fidelity Bank bound issued a columnist absolution apropos this drudge and aperture of arcane data, aggravating to put the accusation on the aggregation hosting its website. Furthermore, the bank announced that its website is alone acclimated for accepted chump and business inquiries, captivation basal chump information.
Judging from the advice provided by Fidelity Bank, alone one of the web servers associated with the aggregation hosting the bank’s website has been attacked. All of the servers amenable for autumn and accepting chump capacity were not afflicted by Hacking for Trump, which should put customers’ minds at affluence for the time being.
Regarding the bribe accepted by the hacker collective, Fidelity Coffer said they will not pay the accepted sum. In fact, the coffer has appear the aperture to law enforcement, and the analysis is still pending. Until the amenable parties accept been identified, Fidelity Coffer will actively adviser all arrangement cartage and footfall up their aegis game.
The Hack for Trump aggregate seems to adjust itself with US presidential applicant Donald Trump. To be added precise, the accepted sum of US$30,000 as bribe would accept been acclimated to armamentarium Donald Trump’s acclamation campaign. Apparently, the hacker aggregate feels Donald Trump “is the alone applicant who can restore America to its above glory”.
It is black to see that aegis improvements alone become a affair of agitation after it is too late; Fidelity Bank has a albatross to both barter and agents and has to booty able measures to accumulate all advice confidential.
Factom & Blockchain Technology Can Prevent Hacks
There are assorted solutions in actuality to anticipate these types of attacks by hackers and added hoodlums. Blockchain technology, which admiral the Bitcoin protocol, offers a ton of different aegis appearance that can be implemented in a abrupt manner. Or how about Factom, a agreement congenital on top of blockchain technology, which can calmly administer abstracts and accumulate records?
Most of the focus apropos blockchain technology is on the banking ancillary of things, authoritative this avant-garde band-aid a absolute bout for convalescent absolute aegis implementations. In contempo years, there has been a lot of focus on adapting blockchain technology to clothing the needs of banking institutions, and assorted projects are actuality developed appropriate now.
Factom does things at little abnormally than Bitcoin, alike admitting it uses the aforementioned blockchain technology. That actuality said, Factom keeps annal — in the anatomy of metadata — on its own blockchain, anchoring these annal to the Bitcoin blockchain. Millions of annal can be stored with one hash, authoritative Factom a actual able and defended platform.
Both blockchain technology and Factom could accept prevented the arcane abstracts from actuality accessed by Hacking for Trump. Luckily, no chump capacity were — allegedly — afflicted during this attack, but that doesn’t beggarly Fidelity Bank is out of the dupe aloof yet. Now that the academy is attractive to access security, there is no bigger time than now to attending at either blockchain technology or Factom.
Do you anticipate the blockchain could accomplish banks safer? Let us apperceive in the comments below!
Source: Compass Cayman
Images address of Los Angeles Times, Fidelity Bank
