Put your claws back in, Fix the problem, Move on (Score 1)

few people commenting saying that it's no danger since all Aussie banks use 2-factor SMS etc. They seem to think the password is worth nothing, That's fine however i doubt these people actually know how transfer fraud works. Meaning you need the password just as much as you need the SMS-code, And if you have access to the machine or at least password, It increases your chances to be able to port the SIM-CARD. It usually works like this FYI - 1. Got login pass for Bank, even better if they use same for e-mail ( You can delete the money transfer notification ) 2. Depending on access be it E-mail or just PC access remotely chances are you can be crafty enough to get the details needed to port the SIM-CARD 3. DOB, License No., Address etc 4. Go to carrier shopfront request blank sim-card 5. Call carrier saying you lost your phone and you need to transfer sim 6. After 20-45 minutes, Victims phone will lose connectivity which can be combined with a bogus message from attacker warning of network drop-outs 7. Login with harvested pass, SMS security message comes to you. 8. Bobs your uncle. References - http://www.bankwest.com.au/media-centre/media-releases/mobile-phone-porting-new-type-of-scam-to-look-out-for-1292493597511 - http://www.scmagazine.com.au/News/282310,45k-stolen-in-phone-porting-scam.aspx/0 - http://www.flyingpenguin.com/?p=14540 Put your claws back in, and focus on the problem here, If one bank can avoid it they all should.