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Australian PayID playform hacked exposing millions of users on the NPP

Accepted submission by Chocolate at 2019-08-25 13:22:38 from the Trust Us dept.
Security

Last year Australians were told to jump on to the NPP to use PayID for faster transactions [news.com.au] which would be safe, secure and instant. Now banks are urgently warning customers that the New Payments Platform has been breached [news.com.au] resulting in millions of user's banking details being exposed. Westpac bank has warned of SMS phishing attempts from hackers. So far other than the release of customer information the impact has been minimal.


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