In this talk Dr. Svetlin Nakov will explain and demonstrate how easily a 10-years old child can gain full control over modern European online banking apps, through hijacking an Android mobile phone, using trivial remote administration tools and screen recording apps from the official Android app store. The speaker will demonstrate why online banking should not rely for the multi-factor authentication on a single connected device. Finally, the speaker will give recommendations for fixing the security in online banking systems.
Dr. Svetlin Nakov (https://nakov.com) is a passionate software engineer, inspirational technical trainer and tech entrepreneur, with 20 years of experience in a broad range of programming languages, software technologies and platforms, applied cryptography and cybersecurity. He is an author of the “Practical Cryptography for Developers” book (https://cryptobook.nakov.com). Svetlin is co-founder of several highly successful tech startups and non-profit organizations. Currently, he is innovation and inspiration manager at SoftUni (https://softuni.org) - the largest tech education provider in South-Eastern Europe