Vulnerabilities in online banking applications

guest · Apr 4, 2019

Vulnerabilities in online banking applications
Positive Technologies: attackers can access personal data and other sensitive information in every online bank
April 4, 2019
https://www.ptsecurity.com/ww-en/ab...r-sensitive-information-in-every-online-bank/

The analysis by Positive Technologies experts shows that most online banks contain critical vulnerabilities. A security assessment of online banks revealed that every reviewed system contained vulnerabilities that could have major consequences if exploited. For instance, fraudulent transactions and theft of funds were possible in 54 percent of applications.

Additionally, analysis showed that 77 percent of online banks had security flaws in their two-factor authentication mechanisms.
The Vulnerabilities in Online Banks
As well as issues of authentication, comparative analysis showed that ready-made solutions developed by vendors had three times fewer vulnerabilities than those developed in-house.

According to Positive Technologies specialists, the percentage of critical vulnerabilities dropped by more than half compared to the previous year - from 32 percent in 2017, to 15 percent in 2018. However, the overall security level of online banks remains low.
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