recommended reading

Threatwatch

Brazilian banking giant’s app bares customer data

Accidentally leaked credentials

On Dec. 9, Banco do Brasil clients who conducted mobile banking through iOS and Android apps could see information such as balance and statements from other, random account holders. The damage would have been greater, had not transfers and payments been password protected.

The bank is Brazil’s largest. The issue lasted for about an hour. Company officials took the mobile service offline “after the bank started to receive a barrage of complaints from hundreds of customers on Twitter,” ZDnet reports.

Bank officials told the publication there has been some "inconsistency and intermittence" of customer information during the updating process of the apps, but the bank said its security systems "remained active" and "no data has been at risk in the event of financial transactions."

The app page on Google Play indicates that between one and five million users have downloaded the Android app.

ThreatWatch is a regularly updated catalog of data breaches successfully striking every sector of the globe, as reported by journalists, researchers and the victims themselves.

sector

Financial Services

reported

December 11, 2013

reported by

ZDNet

number affected

Unknown

location of breach

Brazil

perpetrators

Employees

location of perpetrators

Brazil

date breach occurred

December 09, 2013

date breach detected

December 09, 2013

Thank you for subscribing to newsletters from Nextgov.com.
We think these reports might interest you:

  • It’s Time for the Federal Government to Embrace Wireless and Mobility

    The United States has turned a corner on the adoption of mobile phones, tablets and other smart devices, outpacing traditional desktop and laptop sales by a wide margin. This issue brief discusses the state of wireless and mobility in federal government and outlines why now is the time to embrace these technologies in government.

    Download
  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

    Download
  • A New Security Architecture for Federal Networks

    Federal government networks are under constant attack, and the number of those attacks is increasing. This issue brief discusses today's threats and a new model for the future.

    Download
  • Going Agile:Revolutionizing Federal Digital Services Delivery

    Here’s one indication that times have changed: Harriet Tubman is going to be the next face of the twenty dollar bill. Another sign of change? The way in which the federal government arrived at that decision.

    Download
  • Software-Defined Networking

    So many demands are being placed on federal information technology networks, which must handle vast amounts of data, accommodate voice and video, and cope with a multitude of highly connected devices while keeping government information secure from cyber threats. This issue brief discusses the state of SDN in the federal government and the path forward.

    Download
  • The New IP: Moving Government Agencies Toward the Network of The Future

    Federal IT managers are looking to modernize legacy network infrastructures that are taxed by growing demands from mobile devices, video, vast amounts of data, and more. This issue brief discusses the federal government network landscape, as well as market, financial force drivers for network modernization.

    Download

When you download a report, your information may be shared with the underwriters of that document.