Every other online bank is vulnerable to theft

Every other online bank is vulnerable to theft

Ready solutions by external software engineers include three times less vulnerabilities than systems created by the bank itself. , Her research claims that every other online bank is capable of stealing money.

The research focuses on the protection of internet applications for remote banking, called the online banking company. In general, the analysis shows that the safety of these systems can be expected much more. Experts believe that most online banks contain critical vulnerabilities, whose use by malicious individuals can lead to extremely negative consequences.

Specifically, in every other (54%) bank account fraud and theft are possible. The threat of unauthorized access to personal information and bank secrets is for all online banks. Particularly troubling the outcome of the research is that 77% of the analyzed internet banking systems contain gaps in two-factor authentication mechanisms.

False operations and theft of money are most likely the result of errors in the logic of online banking. For example, repeated recurrence of currency rounds attacks can result in significant financial losses for the bank. Ready solutions offered by external developers contain three times less vulnerabilities than systems created by banks themselves, according to Positive Technologies.

There are positive moments in the study. For example, in 2018, the vulnerability share was high in the total number of detected shortcomings in banking internet applications.

Every other online bank is vulnerable to theft