The Australian --- Page: 23 : 25 March 2008 Original article by Mahesh Sharma and Aaron Peapell
LexisNexis Summary
Australian-listed St George Bank has conceded there was a security flaw in its Directshares online stock trading service. Insufficient authentication procedures allowed anyone access to confidential bank records who set up a share broking account with details that are freely available. These were a tax file number, bank account number and Australian Business Number. St George has closed the loophole and also advised its provider, E*trade. The bank points out that only account balances were visible.
