Recently, a financial account of mine was compromised. As a person who, while entirely fallible, is pretty well-versed in infosec, I have a lot of thoughts on the matter. Honestly the whole thing has been more fascinating to me than anything. Maybe it’s because my bank has been very accommodating so far, maybe it’s because (relatively speaking) trivial amounts of money have been sucked from my accounts, or maybe it’s because I’m petty and vengeful and when you make a direct bank transfer your name, the recipient’s name, it is revealed to the sender1.

I’m curious about the vector of attack. My assumption is that primarily my card was physically compromised, but I’m not sure. The timeline began with the reception of notifications that my online banking password had been reset. I assumed, or, hoped for a glitch and reset it. Then it reset again. And again. Then a transfer account was added. Then, while I was dialing in to the bank, $100 had been transferred out. This is when it gets a little panicky, but having that information, having a number of controls in front of me to mitigate the situation, and having quick response from the bank’s customer service all led to a fairly painless resolution.

The means of ingress was not the internet, it was not ‘hacking’. When you start telling people about an attack like this, the overwhelmingly rudimentary understanding of security lends itself to responses like ‘ah, well you have this account and now that account was hacked! The hackers hacked it!’ The term ‘hacking’ evokes some real man-vs.-machine WarGames type shit, but the sort of attacks that tend to affect most of us are far less sexy. Things like malware and card skimmers meticulously mining data to then be sold off in batches to lesser criminals.

So that was the first breach, and then several days later it was followed by fraudulent card purchases. I was able to temporarily mitigate this by disabling the card, before ultimately contacting the issuer and having the card entirely deactivated and a new one issued. In between these two things happening, I received a call from ‘my bank’ enquiring about card fraud (which had not yet occurred). The incoming number (which is trivially spoofed) did appear to resolve to the bank’s fraud department, but the callback number was unknown to the internet. I assume this was an attempt by attackers to phish more information while I was at my most vulnerable.

When I mention that the vector of attack likely began with the card, this is because there are some safeguards in place for doing the password reset over the phone. Some, like driver’s license numbers in many states, are completely trivial to reproduce, and financial institutions really need to stop relying on faux secret information. The card number is another potential identifier, and I think these two things with a dash of good old-fashioned social engineering thrown in probably led to multiple over-the-phone password resets being granted in a fifteen-minute window. Just the handful of dealings I had with the bank gave a lot of insight into how one could pull off such an attack, which itself is a little concerning.


  1. Floridian (felony ID fraud) court records have a whole lot of important authoritative names attached to them, FYI. ↩︎