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Bank web apps are the "most vulnerable" to getting hacked, new research says

Next time you check your bank account online, think again. (Image: stock photo)

Bad news if you're one of the hundreds of millions of online banking users around the world. The chances are your bank's website and web apps are horribly insecure.

Researchers at security firm Positive Technologies, which has a commercial stake in securing web apps, tested 33 websites and services using its proprietary application inspector, and found that banking and financial institutions were "the most vulnerable" to getting hacked.

Every financial site and web app the researchers tested contained a high-severity vulnerability, they said.

The researchers said in their report, published Monday, that they found XML external entity flaws and arbitrary file reading and modification flaws in about half of all the banking and financial sites they tested.

Read more: Phishing attacks: How hunting down fake websites is making life harder for hackers | If browsers are the new operating systems, why...(continued)

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