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Tuesday, January 17, 2012

Banks may block access from overseas

Don't panic over this story yet - if you don't have an account in an Israeli bank, this doesn't affect you. But in light of recent cyberattacks, Israeli banks are considering blocking access to their websites from overseas.
First International Bank of Israel (Fibi) and Israel's Discount Bank have already applied the limitation as a precautionary measure, and according to banking system officials, other banks and financial institution may soon follow.

The move, however, will also affect many Israelis who try to access their accounts while staying overseas.


A senior banking system source said that the current priority is to protect the system from the present cyber threat, even by applying drastic measures that might hurt some of the banks' clients.
Fibi and two of its subsidiaries' websites were attacked on Monday. It took them about two hours to get back online.



At 9:59 AM, Blogger Droid said...

Simple solution - you can apply to access your account overseas just like when you ask for Data Roaming on your phone. Additional checks on login would then be required.

At 10:13 AM, Anonymous Anonymous said...

Perhaps it's time for the banks to adopt what ETrade introduced about 7 years ago - at least for overseas access.


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