Online banking security improves but only a third are free of critical vulnerabilities

The percentage of critical vulnerabilities in online banking systems is falling, but two thirds still contain at least one critical vulnerability according to a new report. Enterprise security specialist Positive Technologies has released its Financial Application Vulnerabilities Report, drawn from audits performed by the company. It finds each eBanking system analyzed in 2017 contained, on average, seven vulnerabilities, up from six in 2016. However, high- and medium-risk vulnerabilities made up a smaller portion. Even so only a third of online banks were free of critical vulnerabilities in 2017, whereas in 2016 all financial web applications (except one) had at least… [Continue Reading]