Hackers who were able to transfer money from customers of a Dutch PC banking service have highlighted the vulnerability of the banking sector's legacy systems, analysts warned this week.
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Acting as part of an expose for a Dutch TV show, hackers showed how they could transfer money from customers' accounts after infiltrating the PCs through an e-mail virus.
Graham Titterington, senior consultant at analyst Ovum, said, "This highlights an important issue in banking security. Legacy systems don't have built-in mechanisms to allow tiered access that you need for Internet banking.
"The big problem is that you are using applications in a way that they were not meant to be used."