Man-in-the-middle flaw left smartphone banking apps vulnerable [source: zdnet]
A vulnerability in the mobile apps of major banks could have allowed attackers to steal customers’ credentials including usernames, passwords, and pin codes, according to researchers.
The flaw was found in apps by HSBC, NatWest, Co-op, Santander, and Allied Irish bank. The banks in question have now all updated their apps to protect against the flaw.
Uncovered by researchers in the Security and Privacy Group at the University of Birmingham, the vulnerability allows an attacker who is on the same network as the victim to perform a man-in-the-middle attack and steal information.
The vulnerability lay in the certificate pinning technology, a security mechanism used to prevent impersonation attacks and use of fraudulent certificates by only accepting certificates signed by a single pinned CA root certificate.
While certificate pinning usually improves security, a tool developed by the researchers to perform semi-automated security-testing of mobile apps found that a flaw in the technology meant standard tests failed to detect attackers trying to take control of a victim’s online banking. As a result, certificate pinning can hide the lack of proper hostname verification, enabling man-in-the-middle attacks.
For more, click here.