CONNECT WITH US
Fintech

Fintech

AI Finds Flaws Hiding in the Code Behind 70% of Websites

PYMNTS – Fintech logo

Published on

Add as a preferred source on Google
AI Finds Flaws Hiding in the Code Behind 70% of Websites

Two flaws in PHP, the code behind nearly 70% of websites, can let hackers take over a site without a password. AI found them after they sat hidden for more than a decade.

U.S. agencies told organizations to update PHP right away or take it offline if they can’t. Government agencies in the Netherlands, France, Denmark and Finland took websites offline as a precaution.

Japanese banks paused some services. MUFG Bank halted some online banking transactions, Mizuho stopped services and Shizuoka Bank shut its banking app. Japan’s bank settlement network was not affected.

Security flaws discovered with the help of artificial intelligence have triggered an urgent, OpenAI-led effort to protect websites worldwide, PYMNTS reported. The scramble exposes how quickly AI can uncover weaknesses in the software that supports online banking, payments and commerce.

Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

The vulnerabilities affect PHP, a programming language used by nearly 70% of websites whose server-side language is known, according to Oct. 21 data from W3Techs, a web technology survey, Newsweek reported. Wiz researchers warned that attackers could exploit the flaws to take control of vulnerable servers, steal sensitive information or deface websites, PYMNTS reported. Still, the discovery does not mean every website using PHP is vulnerable. Exposure depends on the PHP version and how each system is configured, according to Newsweek.

For financial institutions, the danger extends beyond their core banking systems. Customer portals, merchant platforms, payment applications and third-party service providers may depend on software that banks do not directly control.


Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.