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January 20th, 2012, 19:17 GMT · By Eduard Kovacs

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Authentication Bypass Flaw Fixed in Volksbank’s ZU Application

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Volksbank's online portal contained a serious flaw Enlarge picture - Volksbank's online portal contained a serious flaw
An authentication bypass vulnerability that existed in German Volksbank bank’s online Zinsuniversum (ZU) system has been fixed.

A researcher from the Vulnerability Lab discovered the critical flaw in the bank’s website portal back in February 2011 and the financial institution responded and fixed the issue at an unknown time during the same year.

On January 20, 2012, the security experts publicly disclosed the hole that could have been exploited by a remote attacker to bypass the login form without being authorized.

By relying on the weakness, a cybercriminal could have compromised the application’s database management system to steal account details and passwords.

Zins-Universum, translated as interest universe, is a valuation tool designed for structured products, giving customers the opportunity to create their own portfolios.

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