Online business and security: Digital heart attack


A bug at the heart of e-business

THE Heartbleed bug sounds like a nasty coronary condition. But it is in fact a software flaw that has left up to two-thirds of the world’s websites vulnerable to attack by hackers. “This is potentially the most dangerous bug that we have seen for a long, long time,” says James Beeson, the chief information security officer of GE Capital Americas, an arm of GE. Since its existence was revealed on April 7th by researchers at Codenomicon, a security outfit, and Google, countless companies around the world that rely on the internet for part or all of their business have been scrambling to fix the flaw.Ironically, the bug was discovered in OpenSSL, encryption software that was designed to make the internet more secure. Available free, this open-source code is popular with businesses and governments, which use it to help secure everything from online credit-card transactions to public services. On April 9th, for instance, Canada’s tax authority shut off public access to its online services while it checked the security of its systems in the light of news about the bug.The flaw makes it possible for hackers to…

Link to article: www.economist.com/news/business/21600691-flaw-popular-internet-security-software-could-have-serious-consequences-all-sorts?fsrc=rss|bus

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