National Australia Bank compromises thousands of customer details

It’s refreshing to see an actual acknowledgment, seemingly-sincere apology, and clear details of what they’re going to do about it.<p>Their official statement:<p><a href="https:&#x2F;&#x2F;news.nab.com.au&#x2F;nab-apologises-to-customers-for-data-breach&#x2F;" rel="nofollow">https:&#x2F;&#x2F;news.nab.com.au&#x2F;nab-apologises-to-customers-for-data...</a>

I once worked as a contractor at NAB. The kickstart file with root password, which was unchanged, for a 450M AUD corporate banking project was stored on a SMB share accessible to everyone in the bank. Project leaders didn&#x27;t care (since it would involve work to fix). I eventually had to raise it as a hint to a friendly pentester who included it in their report, finally getting it fixed.

Name, date of birth and contact details (phone and address) are often enough data for a fraudster to commit some serious damage. If I call up my phone company or bank that&#x27;s probably going to cover the questions they ask me to prove identity. Someone transferring my phone can then get past any 2FA I hold.<p>At what point do we hold NAB liable for the potential damage they have caused?

This is yet another example of the risks of requiring KYC if banks cannot keep it safe. We need to start to do KYB!

i hope the boffins who mandated weaker encryption take notice of this. The congress members who supported the bill for weaker encryption should be personally DOSed.

Title should be: “National Australia Bank customers have had &#x27;some personal information&#x27; compromised”