Some of the most common vulnerabilities in banking systems are not necessarily the ones you might think.
In fact, many of the vulnerabilities can be used to bypass controls that can help prevent a breach.
This article looks at a new vulnerability in Australia’s banking systems that can allow a hacker to perform a data breach.
Read more 1 of 2 Next The problem Australia’s banks are facing is a combination of many factors: an ageing infrastructure that could take years to repair and a reliance on overseas suppliers of data that can be subject to security breaches.
In the case of Australia’s financial system, these issues are compounded by the fact that the country relies heavily on overseas banks to provide the country with its information and services.
The problem can be compounded when the banks have to keep their own data safe.
“In a situation like this, if the data has been compromised, it is difficult to do a data audit,” said Matthew Scott, senior vice-president of research at the cybersecurity firm Symantec.
“There’s no way of knowing whether or not the data is valid, so it is hard to find that information that is not potentially vulnerable to being breached.”
The most common vulnerability in banks is known as a database leak.
This is the ability of a hacker who knows what databases they have to find other data in them that can reveal the passwords and other information that the hacker can then use to take control of a system.
“The problem is that most of these databases are managed in the cloud, and the banks that own them don’t have the capacity to do an audit to ensure they are not losing data,” Scott said.
“So there’s a big risk that if you lose that data and you don’t know who it is, the data may be there, but the banks don’t control it.”
Another common vulnerability is the “malware-like” vulnerability known as “unauthenticated network traffic”.
This can allow an attacker to run a script or trick a user into allowing them to connect to a malicious website.
In some cases, it’s even possible to use this vulnerability to bypass security systems and access bank data.
There’s also a new issue called “non-zero-day vulnerability” that allows hackers to access data without being able to find it.
Scott said these vulnerabilities can lead to significant vulnerabilities in the banking systems and make them vulnerable to attacks.
The most vulnerable banks in Australia are in regional areas and the largest are located in regional NSW, which is home to the Australian Capital Territory, New South Wales and Western Australia.
The banks have been warned that they are at greater risk because of the size of the Australian population and the number of Australians they serve.
“I think we’re just getting used to the fact there is a high vulnerability burden and we don’t want to get too complacent, and we’re trying to be very cautious,” Scott added.
In addition to the vulnerabilities, the banks also face the issue of a growing number of data breaches, which have led to the bank telling customers that they can expect to pay a significant sum for data.
Scott noted that these breaches can take months or even years to fix and the damage is often minimal.
“Most of these breaches will only affect customers who are paying money,” he said.