Expert demonstrates Microsoft hack

    Date27 Aug 2002
    CategoryHacks/Cracks
    2774
    Posted ByAnthony Pell
    Software security widely used for Internet banking and e-commerce can be easily circumvented, and customer accounts at several of Sweden's largest banks remain at risk as a result, a computer expert said Monday. The Swedish hacking expert, who is well known in computer security circles, but asked not to be identified, demonstrated to Reuters how it was possible within minutes to break through security on Web server software from Microsoft. . . . Software security widely used for Internet banking and e-commerce can be easily circumvented, and customer accounts at several of Sweden's largest banks remain at risk as a result, a computer expert said Monday. The Swedish hacking expert, who is well known in computer security circles, but asked not to be identified, demonstrated to Reuters how it was possible within minutes to break through security on Web server software from Microsoft.

    The expert showed how to crack the security systems for Internet banking, breaking into three of Sweden's big four banks in quick succession. He was then able to show how to conceal his tracks, making detection difficult afterward.

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