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VIRTUALISATION Majority of online banking sites insecure by design
VIRTUALISATION Majority of online banking sites insecure by design | Majority of online banking sites insecure by design |
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| by Davey Winder | |
| Friday, 25 July 2008 | |
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Professor Atul Prakash from the Department of Electrical Engineering and Computer Science at the University of Michigan, along with doctoral students Laura Falk and Kevin Borders, looked at a total of 214 online financial institutions while undertaking the study. None expected to find that such a large number of them would be vulnerable to potential data and identity theft. Featured Whitepaper
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The problem being that these are not simple programming errors. It is not the kind of code glitch that can be patched up and put right with the application of a digital sticking plaster. Instead, Prakash argues that they fundamental flaws which stem from the flow and layout of the web pages themselves. The kind of thing that the report authors are talking about include the placing of login boxes as well as contact information on insecure pages, for example. Or how about a simple failure to keep the user within the boundaries of the actual site they initially visited? Flaws, the study suggests, that "leave cracks in security that hackers could exploit" in order to gain access to private information and accounts. Where are the banks going wrong and what can be done to protect the end user? Read on for more from Professor Prakash... CONTINUES |
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