Advisory Warns Of E-Trade Security Risk - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Advisory Warns Of E-Trade Security Risk

Passwords used by account holders at E-Trade were at risk of being stolen until the online brokerage fixed the problem Mondaymorning--but apparently not until it was prompted to do so by a public posting of the glitch by a computer programmer.

On Friday, Jeffrey W. Baker posted an advisory about E-Trade on "BugTraq," an Internet mailing list that discusses computer- security vulnerabilities. In it, he wrote that "a combination of cross-site scripting and an incredibly bone-headed cookie authentication scheme allows a remote, third-party attacker to recover the user name and password of any E-Trade user. The attacker can use this information to gain full control over the E-Trade account."

Baker says he contacted the company Aug. 21 to notify it of the problem, and then a second and third time in successive days. But when E-Trade failed to fix the problem a month later, he posted his findings on the Web. "They were simply sitting on the problem," Baker tells InformationWeek via E-mail. E-Trade didn't return calls for comment. Three-fourths of trades conducted by the company's more than 2 million account holders occur over the Internet.

"These [online brokerage] firms haven't had this problem in the past," says Scott Appleby, research analyst at Robertson Stephens. "I've never heard of anybody having this problem."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
Commentary
If DevOps Is So Awesome, Why Is Your Initiative Failing?
Guest Commentary, Guest Commentary,  12/2/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll