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Is ME Bank safe?

ME Bank risk score

https://mebank.com.au

The company’s data is at high risk of exposure or other security challenges, which could potentially result in financial loss, reputational damage, and privacy concerns. It seems that immediate action is required to address any existing breaches and to implement measures for further incidents prevention.

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d

71/100

overall score

Total issues found:

4380
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Updated on: August 14, 2024

Data we analyse
Recent Critical Risk issues we found
22 corporate credentials stolen
Recent data breach: 19 days ago
30% employees reuse breached passwords
3 domains potentially spoofable
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What information we check

For security teams to quickly address digital threats, efficiently handle zero-day incidents, and reduce their risk exposure time, we gather billions of signals each week from a multitude of sources. We help organizations identify risks, gain actionable insights, and respond faster to stay ahead of threats. This includes the collection and analysis of data from a multitude of clearnet and darknet sources to have a thorough and up-to-date understanding of a company’s digital stance.


Some of the factors we use to calculate the overall score:
Software patching
Web application security
Email security
Dark web exposure

ME Bank, established in 1994, is an Australian financial services institution headquartered in Melbourne. As a bank that primarily operates online, ME Bank offers a comprehensive range of products including savings accounts, home loans, credit cards, and personal loans. The bank is committed to providing simplified and transparent banking solutions tailored to the needs of individual customers and businesses.

ME Bank operates under the regulatory oversight of the Australian Prudential Regulation Authority (APRA) and adheres to stringent compliance and security standards to ensure the safety of its customers' financial information and assets. The bank's focus on technology-driven financial services makes it a strong contender in the competitive digital banking landscape, appealing particularly to tech-savvy consumers seeking efficient and accessible banking options.

One of the key features that distinguish ME Bank is its customer-centric approach. The bank strives to offer competitive rates and fees, which is part of its strategy to provide value to its customers and enhance their banking experience. Additionally, ME Bank places a strong emphasis on financial education, offering resources and support to help customers make informed financial decisions.

Despite its online focus, ME Bank ensures a high level of customer service with a support team that is accessible to handle inquiries and resolve issues promptly. As the banking industry continues to evolve with technological advancements, ME Bank remains dedicated to innovation and improvement, ensuring it meets the changing needs and expectations of its customers.

ME Bank has not reported any significant security breaches, underscoring its commitment to maintaining robust security measures and protecting customer data in an era where digital security is paramount.
Website:
https://mebank.com.au
Industries:
Banking
Company size:
1001-5000 employees
Founded:
1994
Headquarters:
Level 28, 360 Elizabeth St; Melbourne, Victoria 3000, AU

Security risk report

Phishing and malware

4073 issues

The risks of malware and phishing include data and identity theft, system damage, financial fraud and losses, and the potential for credential compromise, which can lead to further attacks on personal or organizational systems.

Data breach incidents: 4073

1 Corporate passwords leaked (22)
2 Employee passwords stolen (13368)
3 Employees affected by data breaches (1475)
4 Data points leaked (13368)
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Network security

1 issue

Network security issues can help hackers find and map out services on your network, revealing weak spots. Once they identify these targets, they can break in and move around the network to access more systems. This can lead to data breaches and other security problems that may disrupt your business operations. Keeping the network infrastructure up-to-date helps organizations defend against such risks by identifying vulnerabilities early and strengthening network defenses.

1 Most of the IPs are provided by same internet service providers
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Email security

3 issues

Weak email security policies and improper email server configurations can lead to compromised accounts within your organization that are used to spread phishing, malware or spam through your official communication channels. Our approach helps identify and strengthen these policies, protecting the company's image and maintaining client trust.

1 mebank.com.au: Spoofing might be possible (mailbox dependent) for this domain.
2 emailcommunications.mebank.com.au: Spoofing might be possible (mailbox dependent) for this domain.
3 email.mebank.com.au: Spoofing might be possible (mailbox dependent) for this domain.
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Website security

303 issues

Website security vulnerabilities are the most common way for threat actors to initiate data breaches and deploy arbitrary malicious code, potentially stealing customer information, payment details and otherwise negatively impacting your company’s reputation. By using passive vulnerability scanning techniques, we can legally and with confidence identify exposed network nodes and check them for known vulnerabilities. This approach helps organizations protect their business operations and reputation by proactively securing their websites.

1 Low vulnerabilities
2 Domain certificate path validation failure (2)
3 SSL certificate lifespan is longer than recommended 90 days (54)
4 Deployed certificate signatures are RSA only, should have at least one of ECDSA signatures (58)
5 Deployed certificate types are RSA only, should have at least one of ECDSA (44)
6 Deprecated cipher suites are supported, but should be rejected (64)
7 Deprecated TLS 1.3 cipher suites are supported, but should be rejected (16)
8 Deprecated TLS versions are supported, but should be rejected (64)
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Outcome reliability

We gather billions of signals weekly from a multitude of sources to enable organizations identify risks and prepare actionable insights so that they could respond to threats faster. We ensure that all data is cross-checked for false positives and ensure an utmost quality to it. By providing valuable insights to security teams on various aspects of an organization’s cyber health we can ensure quick and appropriate responses to address digital threats, respond to zero-day incidents more efficiently, and minimize their risk exposure timeline. Learn more about our methodology .

This is an inline graph showing outcome reliability scores. The grades are as follows: F is between 0 and 70, D is between 70 and 78, C is between 79 and 85, B is between 85 and 95, and A is above 95.
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Disclaimer

As a cybersecurity news platform, we aim to enhance digital safety by all means. For this reason, we developed this scoring system. However, the scores are intended solely for informational purposes and should not be interpreted as an absolute assessment of a company’s cybersecurity strength or weakness. The methodology used to generate these scores may not capture all factors relevant to a company’s cybersecurity risk.

All information is provided without a warranty of any kind, express or implied. Users may use this information at their own risk. We are not responsible for the consequences of any unauthorized use of these scores, including, but not limited to any decisions made, as a result of or reliance upon anything contained in herein or any damages of any kind, including without limitation direct, indirect, consequential, exemplary, special or other damages.