First Horizon Bank Customers Have Account Funds Drained
InfoSecurity magazine recently wrote about the First Horizons breach leading to customers having their account funds drained. A leading US bank has revealed a data breach in which over 100 online customers had their funds accessed by an unauthorized intruder.
First Horizon Bank claimed in a filing with the Securities and Exchange Commission (SEC) yesterday that less than $1 million was stolen in total from those accounts.
The attack itself seems to have relied on stolen or brute forced customer credentials, plus the exploitation of a vulnerability inside the financial services company.
K2’s VP, Timothy Chiu was tapped for commentary on the First Horizon breach.