{"id":9757,"date":"2017-12-11T11:19:12","date_gmt":"2017-12-11T19:19:12","guid":{"rendered":"https:\/\/evolvemga.com\/?p=9757"},"modified":"2020-06-11T18:13:24","modified_gmt":"2020-06-12T01:13:24","slug":"spinner","status":"publish","type":"post","link":"https:\/\/evolvemga.com\/spinner\/","title":{"rendered":"Security tool, Spinner, Detects Security Flaw in Banking Apps"},"content":{"rendered":"[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]A team of researchers at University of Birmingham have developed a security tool called Spinner that has detected critical vulnerabilities in 9 banking apps that are operated by Bank of America and HSBC, which can put more than 10 million users at risk of their passwords and pins being hacked.<\/p>\n<p>Fortunately, the vulnerabilities were corrected, but according to researchers, if exploited, could have let hackers connect to the same network as the victim \u2013 such as a public Wi-Fi network in a workplace or coffee shop &#8211; to perform a so-called Man in the Middle (MitM) attack and retrieve usernames, passwords or pin codes.<\/p>\n<p>The flaw in security could have let hackers decrypt and modify any operation within the app as the user, which would ultimately allow them to phish for the user&#8217;s credentials.<\/p>\n<p><a href=\"https:\/\/evolvemga.com\/\"><span class=\"mentions-texteditor__highlight\" data-id=\"urn:li:company:6624379\" data-mentionworkflowid=\"QNvTH9y0RtuZl5jWHQY2HA==\">Evolve MGA<\/span><\/a>&#8216;s cyber policy, EVO 3.0, covers policyholders in the event their cloud data is hacked, lost, or stolen. <a href=\"https:\/\/evolvemga.com\/contact\/\">Contact<\/a> us to learn more about buying a policy before an event happens to your business.<\/p>\n<p><a href=\"https:\/\/www.ibtimes.co.uk\/security-bug-that-let-hackers-steal-banking-passwords-put-10-million-app-users-risk-1650584\" target=\"_blank\" rel=\"noopener noreferrer\">Click here<\/a> to read more &gt;&gt;<\/p>\n<p>#insurance #smallbusiness #bankingapps #bankofamerica #hsbc #EvolveMGA #cyberattack #hacker #cyberinsurance #hackerinsurance #cybersecurity[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; overlay_strength=&#8221;0.3&#8243; shape_divider_position=&#8221;bottom&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_position=&#8221;all&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; width=&#8221;1\/1&#8243; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text]A team of researchers at University of Birmingham have developed a security&#8230;<\/p>\n","protected":false},"author":2,"featured_media":9758,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized 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