TEISS: Two-thirds of online banking systems contain critical vulnerabilities: Report

April 24, 2018 — Two-thirds of online banking systems contain critical vulnerabilities: Report

Don Duncan, Director at NuData, comments on a report issued yesterday by TEISS disclosing that even though high risk vulnerabilities in online banking systems went down from 90 percent in 2015 to 56 percent in 2017, two-thirds of online banking systems still contain at least one critical vulnerability, a report from Positive Technologies has revealed.

While fewer critical vulnerabilities is good news, this doesn’t mean customer accounts are protected. All the exposed data – due to the endless breaches – makes it easier to find working username and password combinations. Today, a fraudster doesn’t need to break a system to access sensitive data. Most of the attacks’ objective is to reach sensitive data they can profit from. Bad actors can easily get their hands on the customer data that breaches make available.

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