IE Devs Criticize Bank Security Vulnerabilities
mrcaseyj writes "A post on the IE blog criticizes some banks for no longer using secure connections for entire login pages and only encrypting the password as it goes back to the bank. This prevents simple password sniffing but doesn't prevent a man in the middle attack from replacing the unsecured login page with one that has disabled encryption. This is especially a problem if you are using an unencrypted wireless connection such as at a coffee shop, because hackers can easily use the airpwn package to intercept the login page and steal your password. An easy remedy for when a secure page isn't available is to enter a bad username and password which usually brings up a secure page telling you to try again. But can you really trust your money to a bank that doesn't even offer the option of a secure login page?"
"But can you really trust your money to a bank that doesn't even offer the option of a secure login page?""
But can you really trust your money to a web browser and operating system that are the most hijacked in the world?"
There, fixed it for you.
Links goes to some 2 year old blog entry.
The entire session should be secured. Bank account numbers, credit card numbers, transaction histories, information about billers and automatic withdraw dates etc. are easily sniffed.
Just because they can't get your password doesn't mean they can't get useful information about you. Sniffing out an online banking session could be a big jackpot for an identity thief.
Personally, I wouldn't trust any bank whose security system relies on user supplied credentials. Any bank that does not supply its customers with an electronic hardware-based security token is not trustworthy enough to handle my savings.
Football Odds
I petitioned my credit union to force SSL on the entire bank website, complete with a few dozen signers (several of them with very large accounts). Shortly after the entire website is accessible via SSL only, with any HTTP page redirecting you to the homepage (SSL). Sometimes banking with a small credit union has its advantages.
I suggest everyone do the same.
Published Wednesday, April 20, 2005 6:44 PM by ieblog
Two thousand and five.
Why should I really worry about security anyway they've either thrown away my information in a dumpster or were compromised...
Scott Trade
Verizon
Bank of America
Choicepoint
Mastercard
AT&T
Department of Edumacashun
Chase
Infiltrated dot Net
Surely anyone who logs onto their bank site from a wireless connection in a coffee shop is just asking to get owned?
Why? SSL protects you from MITM attacks and provides strong encryption & authentication.
That is exactly what SSL is for, to protect you from sniffers/spoofers between you and the website.
They're just file extensions buddy, they can't hurt you.
Spelling mistakes, grammatical errors, and stupid comments are intentional.
Just put your money in your mattress and avoid all those newfangled bank things.
Surely anyone who logs onto their bank site from a wireless connection in a coffee shop is just asking to get owned?
Not really - this is the whole point of SSL. If you trust both endpoints, you don't much care about what's in the middle.
Now, if you'd said "anyone who logs into their bank site from a random Internet cafe PC is just asking to get owned", I'd agree. It wouldn't require a great deal of sophistication to install keyloggers on every PC. Or if you're rather more sophisticated, you could set up some sort of proxy which sets up a MITM with every HTTPS session, presenting a self-signed certificate for $BANK and configure the client PC's with the appropriate certificate from the proxy's root CA.
Reduce, reuse, cycle