SEARCH
Advisers “highly vulnerable” to newly discovered tech flaw
Advisers “highly vulnerable” to newly discovered tech flaw
Two vulnerabilities in computers made within the last 20 years could compromise financial advisers' cyber security.
The weaknesses, called Spectre and Meltdown, allow hackers to use "rogue applications" to read confidential information that is stored in the memory of other applications, Kamino (a subsidiary of Midwinter) said in a statement.
"The vulnerabilities, when exploited, could lead to exposure of sensitive information such as passwords and confidential data on the affected computers," the statement said.
"Financial planning and accounting industries will be highly vulnerable to this attack."
The Meltdown vulnerability is the easier of the two to exploit, the statement said, but this affects only Intel computer processors and patches to protect against the vulnerability are available.
Spectre affects all computers, and patches to guard against attacks are still being developed, the statement said, however it is much harder for hackers to exploit than Meltdown.
Kamino cautioned that while these vulnerabilities do not present an "immediate danger", advisers should make use of available patches for their computer systems as soon as possible, and that those using cloud-based shared infrastructure will need to confirm with their cloud provider that those same patches have been applied as necessary.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Broker Daily
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Centre
- Investor Daily
- Lawyers Weekly
- Money Management
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- World of Aviation
EVENTS AND SUMMITS
- ACE25 The Accounting Conference and Exhibition
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian AI Awards
- Australian Aviation Awards
- Australian Aviation Summit
- Australian Broking Awards
- Australian Cyber Awards
- Australian Cyber Summit
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Law Forum
- Australian Space Awards
- Australian Space Summit
- Australian Wealth Management Awards
- Australian Wealth Management Summit
- Better Business Awards
- Better Business Summit
- Broker Innovation Awards
- Broker Innovation Summit
- Budget Summit
- Commerical Finance Awards
- Corporate Counsel Summit
- Defence & National Security Workforce Awards
- Fund Manager of the Year Awards
- ifa Excellence Awards
- Lawyers Weekly 30 Under 30 Awards
- New Broker Academy
- Partner of the Year Awards
- Partner Summit
- REB Awards
- Rising Star Awards
- SME Bootcamp
- SMSF Technical Strategy Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Finance Summit
- Women in Law Awards
- Women in Law Forum
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
