Apr 10, 2014 By Sharon Solomon |
The steep rise in E-commerce and online transactions has made application security a major priority. SSL and TLS protocols were the benchmarks of online safety until recently. Everything changed when Random Storm, a British security company, exposed the Heartbleed bug. This major vulnerability has simply dented the once reliable OpenSSL technology.
Hundreds of websites have been at risk since the vulnerability was introduced back in 2011. The extent of damage is not yet known. Millions of passwords, usernames and credit card numbers could have been compromised due to this breach.
All CISOs and Security executives are busy re-configuring their networks and changing passwords for sensitive accounts. The panic is justified as more than two-thirds of the servers today completely rely on the OpenSSL protocol as their security backbone.</Read More>