Online Banking Industry Very Vulnerable to Cross-Site Scripting Frauds
Phishing Attacks reported by members of the Netcraft Toolbar community
show that many large banks are neglecting to take sufficient care with
the development and testing of their online banking facilities.
Well known banks have created an infestation of application bugs and
vulnerabilities across the Internet, allowing fraudsters to insert
their data collection forms into bona fide banking sites, creating
convincing frauds that are undetectable to most customers. Indeed, a
personal finance journalist writing for The Motley Fool was brave
enough to publicly admit to having fallen for a fraud running on
Suntrust's site and having her current account cleaned out. It's a
reasonable premise that if a Motley Fool journalist can fall for a
fraud, anyone can.
One fraud recently blocked by the Netcraft Toolbar was at Citizens
Bank. Fraudsters composed and mass mailed a phishing mail which
attackers' server hosted at Telecom Italia. Customers were presented
with a page bearing the CitizensBank.com URL in the address bar, while
the browser window displays a form from the Telecom Italia server
asking for user login information.
The script being exploited allows visitors to search for Citizens Bank
branch offices in their town. Along with search scripts, branch
locator pages are frequently carelessly coded and are targets for
fraudsters who are actively analyzing financial web sites for