this post was submitted on 06 Feb 2024
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What kind of company let's a single employee transfer that amount of money without multiple different password entries or checks from different people though, seriously?
Doesn't matter if they had a conference call with what appeared to be certain people as the article says they could easily have used key pair verification such as pgp. Sounds like poor security all around especially considering the amounts involved.
PGP? Have you ever dealt with any banking or financial corporations? You'd have better luck getting the money handlers and decision makers to authenticate transactions with magic.
Hong Kong and Japan are the absolute worst I've experienced. Their online banking UI's and processes are stuck in the late 90's to early 2000's.
Has South Korea moved on from Internet Explorer for their banking yet?