20 August 2017
visit www.avoka.com

Regulators warn US banks to take action over Heartbleed exploit

11 April 2014  |  4895 views  |  0 Copenhagen spire

US regulators have warned the nation's banks to undertake a complete overhaul of their security infrastructure to counteract the threat from the Heartbleed bug.

Earlier this week, researchers discovered a flaw in OpenSSL, a piece of fundamental security software used by a broad range of companies and organisations across the globe. That flaw could allow an attacker to gain access to sensitive information stored in the memory of an affected system with just a basic network request.

In an alert sent to US banks late on Thursday, the Federal Financial Institutions Examination Council (FFIEC) said it expects financial institutions to incorporate patches on systems and services, applications, and appliances using OpenSSL and upgrade systems "as soon as possible" to address the vulnerability.

Financial institutions should also consider replacing private keys and X.509 encryption certificates after applying the patch for each service that uses OpenSSL. Critically, the FFIEC suggests that banks should consider requiring customers and administrators to change passwords after applying the patch.

Banks relying upon third-party vendors are also advised to ensure those providers are aware of the vulnerability and are taking appropriate action.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Banks losing millions to new wave of ATM hacks - FFIEC

Banks losing millions to new wave of ATM hacks - FFIEC

03 April 2014  |  9741 views  |  4 comments | 8 tweets | 16 linkedin
Discontinuation of support for Microsoft XP poses operational risks to banks - FFIEC

Discontinuation of support for Microsoft XP poses operational risks to banks - FFIEC

09 October 2013  |  10928 views  |  0 comments | 8 tweets | 8 linkedin
Security vendors to cash in on FFIEC e-banking authentication guidance

Security vendors to cash in on FFIEC e-banking authentication guidance

16 December 2011  |  7177 views  |  0 comments
FFIEC issues new security guidance to US banks

FFIEC issues new security guidance to US banks

29 June 2011  |  10305 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9507 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8063 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7625 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7218 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6806 views comments | 14 tweets | 13 linkedin