Protect your corporate IT network from hackers and other unwanted intruders with Proxy Sentinel™. Click here for all the details and get the peace of mind you deserve.
Back to our Homepage Proxy Sentinel™ high performance Internet proxy server and secure firewall solution Firewall Sentinel™ secure & powerful Internet firewall solution About Internet Security.ca and GCIS Frequently Asked Questions on Internet security issues Internet Security Industry News - Stay informed of what's happening Contact Internet Security.ca today and order your Proxy Sentinel™ or Firewall Sentinel™ server now!

Internet Security Industry News

Banks fail to address firewall vulnerabilities

Save your company's valuable data with Proxy Sentinel™ from Internet Security. Click here for all the details.

August 20, 2003

Most UK financial services firms have basic IT security flaws that could cause online banking services to become a "turkey shoot for hackers". The banking sector came off worst in a survey of 600 network security tests by consultancy NTA Monitor across a broad range of large blue-chip firms.

It found 94 per cent of financial organisations have basic router flaws that could cause online banking services to fail. The Vertical Market Security Report 2003 also found almost half of financial firms had firewall flaws.

Worryingly, almost a third had at least 10 security flaws, greatly increasing their exposure to a malicious attack. And the picture has not improved since last year, which showed similar levels of security vulnerabilities in the sector. Roy Hills, technical director at NTA Monitor, said in a statement that router flaws can allow a malicious hacker to prevent any internet traffic entering or leaving a gateway and disrupt services.

"Tighter security across all areas needs to be made a priority today and the holes plugged quickly – or this could become a turkey shoot for hackers." Despite this, the financial sector still performed best overall compared to the government, legal and IT sectors. Firewall flaws, for example, were found in 82 per cent of legal firms.

Hills put the gaps down to complacency and a lack of awareness and said most flaws are so basic they could be fixed in under 20 minutes. One of the main router vulnerabilities is allowing unrestricted access to services on border routers, which could leave a firm open to denial of service attacks. The problem, according to Hills, is that routers are typically outside the corporate firewall and mostly managed by the firm's ISP.

Resilience border routers can still be easily taken out, said Hills: "These resilient devices are typically of the same software type and version and each one could likely be susceptible to the same bug and be knocked out the same time."

Source: Silicon.com


Save Internet Security.ca's URL to the list of your favorite web sites
in your Web browser by clicking here.

Back to the top of the page.         

You can link to the Internet Security web site as much as you like. Read our section on how your company can participate in our reciprocal link exchange program and increase your rankings in the major search engines such as
Google and all the others.

Click here to order your Proxy Sentinel™ Internet security server today!

Proxy Sentinel™ is the most secure Internet proxy server on the market today. Click here for more information.
Site optimized by Pagina+™
Powered by Sun Hosting
Search engine keywords by Rank for Sales
Development platform by My Web Services
Internet Security.ca is listed in
Global Business Listing

| Home | Proxy Sentinel™ | Firewall Sentinel™ | FAQ | News | Sitemap | Contact |
Copyright © Internet Security.ca 2003    Terms of use    Privacy agreement    Legal disclaimer