3 Million Bank Accounts Hacked To Prove Vulnerability in Banking System of Iran

3 Million Bank Accounts Hacked To Prove Vulnerability in Banking System of Iran

A security geek from a payment service provider (PSP) company, has hacked accounts of three million bank customers to prove vulnerability in the banking security systems. That PSP offers a number of Iranian banks online services for accepting electronic payments & the guy found major security issue in the electronic payment system. The Central Bank of Iran issued a statement on Sunday advising the bank customers to change the passwords of their bank cards to prevent possible credit card fraud. An official at the Central Bank of Iran told Iranian news agency IRNA that no one has illegally accessed people's bank accounts. According to sources the hacker had provided the managing directors of the targeted banks with information about the bank accounts of 1,000 customers in the previous Iranian calendar year (ended on March 19) to warn them about the susceptibility of their computer systems and networks to cyber threats. After this security breach Govt assured Bank customers that there will be no harm in their bank balance. "It is possible that certain individuals have some information but they cannot use this information until the bank cards are not in their possession," Said the authority. 






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