Web 2.0 Threats and Risks for Financial Services

An anonymous reader writes "Companies are tuning into Web 2.0 but are simultaneously exposing their systems to next generation threats such as Cross site Scripting, Cross Site Request Forgery and Application interconnection issues due to SOA. With regard to security, two dimensions are very critical for financial systems — Identity and Data privacy. Adopting the Web 2.0 framework may involve risks and threats against these two dimensions along with other security concerns. Ajax, Flash (RIA) and Web Services deployment is critical for Web 2.0 applications. Financial services are putting these technologies in place; most without adequate threat assessment exercises."

Comments

The biggest threat is not the web 2.0 itself

[holywarrior21c]

but the biggest threat is prolonging existence of active x. in Korea every bank website must use verification system made for asp servers and the client must install active x in order to be verfified to the websites and use of the credit cards online. that means that in order to log into any of the bank website to check your account or to buy anything from online with credit card means that you need to have windows in your machine. Hope this situation change soon with the already came vista. in fact Korean government is one of the few gov in the world to fine microsoft for monopolistic practices. (300million) hope our gov start building up some damn good infra out of that.

Microsoft vows to fight South Korean antitrust rulinghttp://www.theregister.co.uk/2005/12/07/micr osoft_south_korea_antitrust//

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