This site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.X

Report: NASDAQ was slow to plug vulnerabilities affecting its site

Share this article:

A Switzerland-based penetration testing firm, High-Tech Bridge, revealed that vulnerabilities in NASDAQ's website were left unpatched for weeks.

IIia Kolochenko, CEO at High-Tech Bridge, told the NY Daily News on Monday that he discovered the flaws on the stock exchange's website “in just 10 minutes with a Firefox browser without any special tools or software”.

The bugs could have allowed an attacker to carry out cross-site scripting (XSS) attacks, meaning a hacker could inject HTML code into a site to steal visitors' data, such as cookies, or manipulate what they see, the outlet reported.

The issue has since been fixed by NASDAQ as of Monday, according to reports, but long after Kolochenko notified the stock exchange of the issue on 2nd September.

In a statement emailed to SCMagazine.com on Tuesday, NASDAQ said that it responded “immediately” to High-Tech Bridge's warnings.

“We take all information security matters seriously,” the statement said. “We work with leading security vendors and have a trained and professional team that evaluates all credible threats across our digital assets.”

UPDATE: In an email received onTuesday, Kolochenko told SCMagazine.com that he reported two vulnerabilities to NASDAQ, but that he "didn't want to dig further without their permission".

"I think that if somebody perform[ed] a more profound testing, he [could] find much more vulnerabilities, and probably even more dangerous ones than XSS," he wrote. Kolochenko added that NASDAQ moved to address the issue when it got word of the issue being publicised.

Share this article:

SC webcasts on demand

This is how to secure data in the cloud


Exclusive video webcast & Q&A sponsored by Vormetric


As enterprises look to take advantage of the cloud, they need to understand the importance of safeguarding their confidential and sensitive data in cloud environments. With the appropriate security safeguards, such as fine-grained access policies, a move to the cloud is as, or more, secure than an on-premise data storage.


View the webcast here to find out more

More in News

VC cyber security funding tops £850 million

VC cyber security funding tops £850 million

A new study from US-based research firm CBI Insights reveals that corporate cyber security investments have risen five-fold since 2009, with 30 percent growth in the last year alone.

Russian/Chinese cyber-security pact raises concerns

Russian/Chinese cyber-security pact raises concerns

News that Russia and China are set to sign a cyber-security treaty next month have left Western cyber experts unsure whether it is a threat or a promising development.

UK police arrest trio over £1.6 million cyber theft from cash machines

UK police arrest trio over £1.6 million cyber ...

London Police have arrested three suspected members of an Eastern European cyber-crime gang who installed malware on more than 50 bank ATM machines across the UK to steal £1.6 million.