CSRF Flaws Found On Major Websites, Including a Bank
An anonymous reader sends a link to DarkReading on the recent announcement by Princeton researchers of four major Web sites on which they found exploitable cross-site request forgery vulnerabilities. The sites are the NYTimes, YouTube, Metafilter, and INGDirect. All but the NYTimes site have patched the hole. "... four major Websites susceptible to the silent-but-deadly cross-site request forgery attack — including one on INGDirect.com's site that would let an attacker transfer money out of a victim's bank account ... Bill Zeller, a PhD candidate at Princeton, says the CSRF bug that he and fellow researcher Edward Felton found on INGDirect.com represents ... 'the first example of a CSRF attack that allows money to be transferred out of a bank account that [we're] aware of.' ... CSRF is little understood in the Web development community, and it is therefore a very common vulnerability on Websites. 'It's basically wherever you look,' says [a security researcher]." Here are Zeller's Freedom to Tinker post and the research paper (PDF).
Just as a responsible institution has an independent auditor come to inspect their financial books for correctness, so should a responsible institution do with its computer systems and network security. The two are different only insofar as financial accounting is different from computer administration, but the need to audit both is equally pressing. This story serves as yet another example of the necessity for such things.
McCain/Palin '08. Now THAT's hope and change!
Why is it that some business even when notified of a major security risk either say that it is functioning normally or not patch the thing right away? Do some businesses not have sysadmins or what? If I got an E-mail that said that my servers could be owned by such and such exploit by doing this and this, I would immediately take action.
Taxation is legalized theft, no more, no less.
Any chump can transfer money out of any bank account with nothing but a fax. Try it some time. People don't do it because it's a felony and people generally don't want to go to prison.
Also, there were several CSRF attacks that came across Bugtraq in 2000 and 2001. Some of them were against banks.