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Italy's UniCredit reveals massive data attacks

Wednesday, July 26, 2017 - 01:21

Suspected hackers have accessed client data of Italy's biggest lender, UniCredit, in two attacks in the past 10 months and affected about 400,000 Italian customers, the most serious data breach ever reported by a major Italian lender. David Pollard reports.

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BROADCAST AND DIGITAL RESTRICTIONS**Broadcasters: NONE Digital: NONE**~ They may look like modern fortresses, but they're far from impregnable to hackers. Italy's biggest lender now revealing two major cyber attacks. 400,000 UniCredit customers affected - in the most serious data breach every reported by a major Italian bank. (SOUNDBITE) (English) LCG SENIOR ANALYST, JASPER LAWLER, SAYING: "We have obviously seen hacking incidents across telecoms, financial services, multiple areas of business. But I think when it comes to financial services, that's obviously particularly sensitive because we are dealing with people's money. No passwords were stolen by the unidentified assailants. But a UniCredit statement said two waves of attacks took place in September and October of last year and then in June and July of this. It says it's taken all necessary measures to prevent a repeat. (SOUNDBITE) (English) LCG SENIOR ANALYST, JASPER LAWLER, SAYING: "If these hacking incidents get to the stage where important financial details of customers are lost, that's going to be a massive loss of trust for the banks or financial companies that are involved, and can genuinely mean a loss of customers and a direct hit to earnings and revenue growth." In this case, the bank said none of the data accessed by the hackers allowed any financial transactions to be carried out. But UniCredit shares were down around a per cent on as traders took in the news.

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Italy's UniCredit reveals massive data attacks

Wednesday, July 26, 2017 - 01:21