[stainlessbanner]

I think most ecommerce transactions use 128-bit, FedGov classified uses 256-bit AES. Neither have been compromised.

Of course, if somebody steals a laptop without protection or has access to client keys with authority, the encryption strength doesn't matter.

[Stoat]

Of course, if somebody steals a laptop without protection or has access to client keys with authority, the encryption strength doesn't matter.
 

Very true.  Hopefully this is all a matter of the reporter using the term "hacker" incorrectly, which is quite possible; in fact likely.

We all know of the incredible number of errors that reporters make in matter pertaining to technology as well as firearms and other subjects.

(How often have we heard of semiautomatic rifles being equated with machine guns?)

Hopefully this is all a matter of another inarticulate reporter and another inarticulate editor....there are so very many of them "sigh"

[cryptical]

Of course, if somebody steals a laptop without protection or has access to client keys with authority, the encryption strength doesn't matter.

Perhaps the web banking application has flaws, or the box it's running on is insecure. It's more likely to be stupidity on someones part than cleverness on the part of the criminal.