Tuesday, November 09, 2004

Vulnerability is discovered in Morgan Stanley online banking

Online banking continued its run of security issues, as a vulnerability has been discovered in Morgan Stanley’s online banking website. The flaw was reported to BBC Breakfast, and enables users to access their credit card information by entering only the first digit of their credit card number. Tim Pickard, strategic marketing director for EMEA at RSA Security, commented that two-factor authentication would dramatically improve the security of online banking consumers, and that Morgan Stanley’s vulnerability would not be a problem if they used two-factor authentication.By Computeractive.