SSL 3.0 POODLE Internet Security Flaw Could Bite Bitcoin Websites Harder
Yesterday, Google published the details of an SSL 3.0 design vulnerability that renders SSL 3.0 completely insecure and useless. SSL 3.0 is over fifteen years old and up until today, was still supported by most browsers. When attempting to communicate with a website, usually a browser will use the latest technology and connect to the HTTPS servers; however, failed connections are tried on older, clearly deprecated, protocols such as SSL 3.0. As such, attackers can force targets to disconnect and then reconnect using SSL 3.0, thus exposing their current session to take-over. Also read:....
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Here is a reality check for all the Bitcoin naysayers, the most widely used conventional electronic payment system – credit/debit cards are not really as secure as we had earlier thought. A serious protocol level flaw exposed by a couple of German security experts bares it all. It is not just the security flaw one has to be concerned about, but also the banks’ apathy towards fixing it! A recent report carried by well-known Russian media channel, Russia Today describes the serious security flaw in POS terminals. According to Karsten Nohl, one of the security experts from the Berlin based....
Over half the internet could have been compromised by a two-year-old security flaw that also could affect a number of online bitcoin services, it was revealed today. The vulnerability, named 'Heartbleed', affects versions of OpenSSL, an open-source implementation of the SSL and TLS internet security protocols that encrypt and secure internet traffic, including: passwords, messages, e-commerce and banking, and other sensitive data including Virtual Private Networks (VPNs). OpenSSL is the most popular software library used for this purpose. Two years old. The Heartbleed flaw has reportedly....
Welcome to the CoinDesk Weekly Review 6th September 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. To keep your secrets, you must reveal all. There is a an old electrician saying about fuses. When one blows, a klutz replaces it, but an expert finds out why it blew in the first place. So it is with computer security. It is relatively easy, once you've found a flaw, to fix it. It's often much harder to find out why that flaw was there in the first place,....
Digital currencies remain an exciting new technology striving for mainstream adoption, but their struggle is not without precedent - The consumer and technical roadblocks they face are akin to those overcome by key Internet protocols. Two new Consensus 2015 speakers will look back at the mainstreaming of e-commerce and Internet security, providing a deep dive into the historical lessons that could come to shape the technology's future. Last April the Heartbleed Bug was uncovered, revealing that the majority of websites on the Internet were vulnerable to information theft. The bug was....
Security over the Internet is a topic of great concern among industry experts, as it looks like we are on the brink of facing a massive threat. As much as one-third of the world’s encrypted Web connectivity suffers from a fatal flaw, which could be exploited any day now. Additionally, the same type of attack can be used to break into certain types of wireless networks. The cryptographic cipherRC4 — also known as Rivest Cipher 4 or ARC4 — is used in some of the most common internet security protocols, such as Transport Layer Security (TLS). RC4’s Main benefits are its simplicity to use, and....