Washington, July 23: A large percentage of online banking sites have at least one design flaw, which in turn, can make customers vulnerable to cyber thieves when it comes to their money or even identity, finds a new study led by an Indian-origin researcher.
Atul Prakash, a professor in the Department of Electrical Engineering and Computer Science and doctoral students Laura Falk and Kevin Borders examined the Web sites of 214 financial institutions in 2006 and found that 75 percent of them had security flaws.
According to the study’s researchers the design flaws aren''t bugs that can be fixed with a patch, in fact, they stem from the flow and the layout of these Web sites.