Major bank to scrap passwords for one million customers within months
- ANZ will remove passwords for about one million ANZ Plus customers by mid-2025, enabling passwordless web banking in Australia.
- The shift results from rising cyber threats and recent malware targeting Australian banking credentials published online.
- ANZ Plus will introduce two passwordless login options—approving app requests via mobile number or using passkeys like face, fingerprint, or PIN.
- The bank emphasized that the new authentication methods aim to enhance security by protecting users' account credentials from compromise through data breaches and phishing attempts, in line with broader industry movements.
- This change forms part of ANZ's broader digital security strategy as Australian banks increasingly adopt advanced authentication methods.
15 Articles
15 Articles
Sophos calls for a future beyond passwords in enterprise security | CXO Insight Middle East
On the occasion of World Password Day, Sophos stresses the limits of passwords and knowledge-based authentication methods. Indeed, the sophisticated techniques, tactics, and procedures (TTPs) of cyber attackers in 2025 will enable them to easily circumvent traditional authentication methods. As such, the 2025 edition of Sophos’ Active Adversary report indicates that compromised credentials represent the leading cause of attack for the second yea…
Major update for millions as NatWest takes on supermarket bank customers
NATWEST will take on millions of Sainsbury’s Bank customers from today after it secured approval for the transfer from the High Court last month. All of Sainsbury’s Bank’s credit cards, personal loans and savings accounts will be gradually transferred to NatWest in a process that will begin today. Sainsbury’s Bank customers will gradually be transferred to NatWest from today The transfer will be completed by the end of the year. But insurance an…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage