Article 4TNQE NCR Barred Mint, QuickBooks from Banking Platform During Account Takeover Storm

NCR Barred Mint, QuickBooks from Banking Platform During Account Takeover Storm

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martyb
from SoylentNews on (#4TNQE)

soylent_yellow wrote in with a story which was the inspiration for:

Brian Krebs has an interesting story about NCR barring both Mint and QuickBooks last month during a period of high account takeover activity.

Banking industry giant NCR Corp. [NYSE: NCR] late last month took the unusual step of temporarily blocking third-party financial data aggregators Mint and QuickBooks Online from accessing Digital Insight, an online banking platform used by hundreds of financial institutions. That ban, which came in response to a series of bank account takeovers in which cybercriminals used aggregation sites to surveil and drain consumer accounts, has since been rescinded. But the incident raises fresh questions about the proper role of digital banking platforms in fighting password abuse.

[...] In a statement provided to KrebsOnSecurity, NCR said that on Friday, Oct. 25, the company notified Digital Insight customers "that the aggregation capabilities of certain third-party product were being temporarily suspended."

"The notification was sent while we investigated a report involving a single user and a third-party product that aggregates bank data," reads their statement, which was sent to customers on Oct. 29. After confirming that the incident was contained, NCR restored connectivity that is used for account aggregation. "As we noted, the criminals are getting aggressive and creative in accessing tools to access online information, NCR continues to evaluate and proactively defend against these activities.""

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