Are You Trading Stocks Securely Exposing Security Flaws in Trading Technologies

July 20, 2018

The advent of electronic trading platforms and networks has made exchanging financial securities easier and faster than ever; but this comes with inherent risks. Investing in money markets is no longer limited to the rich. With as little as $10, anyone can start trading stocks from a mobile phone, desktop application, or website. This paper demonstrates vulnerabilities that affect numerous traders. Among them are unencrypted authentication, communications, passwords, and trading data; remote DoS that leaves applications useless; trading programming languages that allow DLL imports; insecurely implemented chatbots; weak password policies; hardcoded secrets; and poor session management.

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DefenseStorm is the only company that combines and automates in real time cybersecurity and cybercompliance built for banking, so financial institutions can achieve Cyber Safety & Soundness according to regulations and their own policies. The DefenseStorm GRID™ is the only co-managed, cloud-based and compliance-automated solution of its kind, operating as a technology system and as a service supported by experts in financial institution security and compliance. It watches everything on an FI’s network and matches it to defined policies for real time, complete and proactive cyber exposure readiness, keeping institutions threat ready, security teams smart and executives board accountable.

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