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E-Banking Sites Plagued by Design Flaws, Study Finds

Posted by Kara Reeder Jul 23, 2008 12:08:54 PM

A University of Michigan study shows that 75 percent of 214 banking Web sites surveyed in 2006 had at least one design flaw that could threaten security, reports Network World.

 

A key problem that study author Atul Prakash found was an underutilization of SSL encryption, according to Finextra.com. The 47 percent of sites not using this technology are at risk of hackers rerouting data.

 

The paper, "Analyzing Web Sites for User-Visible Security Design Flaws," will be presented at the Symposium on Usable Privacy and Security at Carnegie Mellon on Friday.

 

Even though the research was done in 2006, problems still exist, as IT BusinessEdge blogger Carl Weinschenk details in this blog.

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