Welcome back again to all the reader of the NewAgeInformers. Today I will give a new news which you hadn't found in any of the newspapers or any news channels on tv.
"INDIA'S BIGGEST BANK ACCOUNT HOLDERS ARE NOT SAFE. BEWARE OF IT."
~ What if someone will take your money out of your account without letting you know? Yes, this is really worry-some for all those account holders whoever have there banking accounts in the "State Bank of India".
~ As we all know that nowadays One Time Password (OTP) has become of the best security feature for almost all websites including social media, taxi booking, online shopping and even banks. This security feature allows the account user to transfer funds or any personal information online after verifying the identity by giving that OTP which the user will get on the mobile number which is registered with that account. But what if this security feature will allow the hackers to steal your money from your OTP which can be bypassed.
~ A well known web application security researcher and a white-hat hacker Neeraj Edwards shared his knowledge that how one can easily bypass the OTP of the well known bank "State Bank of India" and that person can transfer funds of any amount from the account.
~ As we all know that while doing the online transactions, the bank's website will show a One Time Password screen where it has a parameter named 'smartotpflag is set to Y i.e. smartotpflag=Y'. While generating the OTP, smartotpflag parameter is used and Y is for the indication to send the OTP to the registered mobile. If the Y gets altered with N then the whole transaction will occur without any OTP.
~ But the worst thing is that the bank authorities and even the press too couldn't make this huge and serious problem as an important news to the newspapers or in news-channels.
Thanks for giving your time and reading this article, for any queries you may contact us.
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Twitter: @NewAgeInformers
"INDIA'S BIGGEST BANK ACCOUNT HOLDERS ARE NOT SAFE. BEWARE OF IT."
~ What if someone will take your money out of your account without letting you know? Yes, this is really worry-some for all those account holders whoever have there banking accounts in the "State Bank of India".
~ As we all know that nowadays One Time Password (OTP) has become of the best security feature for almost all websites including social media, taxi booking, online shopping and even banks. This security feature allows the account user to transfer funds or any personal information online after verifying the identity by giving that OTP which the user will get on the mobile number which is registered with that account. But what if this security feature will allow the hackers to steal your money from your OTP which can be bypassed.
~ A well known web application security researcher and a white-hat hacker Neeraj Edwards shared his knowledge that how one can easily bypass the OTP of the well known bank "State Bank of India" and that person can transfer funds of any amount from the account.
~ As we all know that while doing the online transactions, the bank's website will show a One Time Password screen where it has a parameter named 'smartotpflag is set to Y i.e. smartotpflag=Y'. While generating the OTP, smartotpflag parameter is used and Y is for the indication to send the OTP to the registered mobile. If the Y gets altered with N then the whole transaction will occur without any OTP.
~ But the worst thing is that the bank authorities and even the press too couldn't make this huge and serious problem as an important news to the newspapers or in news-channels.
Thanks for giving your time and reading this article, for any queries you may contact us.
Follow Us here:
Twitter: @NewAgeInformers
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