| Russian Banks in the eye of the storm |
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| Tuesday, 19 December 2006 | ||||
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This case represents a further example about the low level of security that is supposed to protect people but it wouldn’t be so worth noticing if it wasn’t for the outcry this news has caused :a media fuss that might have negative effects on data security as well. The aspect of this story that mostly aroused journalists’ curiosity is the fact that this specific database contain information about clients of Russian banks who’ve been refused credit, and those who’ve defaulted, either partially or fully, on their payments. Moreover, the archive includes personal details such as name, address, and passport numbers since in Russia, in credits applications in Russia such details are required. Some journalists made questions about the damages that a similar data leak could provoke, but this isn’t that difficult to guess: anyone could buy the database and call a creditor pretending to be calling from the bank to collect the debt… Can you imagine the number of swindles that might be carried out? Data leaks, online frauds and scams do not usually provoke such an uproar in Russia, but now the media attention could represent a good moment to work on the increase the public awareness about Security issues. But “public awareness” is not enough, and Russian people should hope in a review of Russian cyber crime legislation and in the introduction of standard security policies for banks. Russian black market is definitely well stoked, and this is not the first time that a database containing classified information is available for sale: recently, it was highlighted how database including data coming from customs and passport authorities are freely available.
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A huge attack against several major Russian banks ended up with the leak of a database containing the personal details of about 3 million individuals. The data is now being sold for between 2,000 - 4,000 roubles (around $76 - $150) at Russian black market.
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