Financial district riddled with wireless vulnerabilities

Financial district riddled with wireless vulnerabilities

By Marcia Savage | May 19, 2009

A study by AirTight Networks Inc. of financial districts in seven cities revealed numerous wireless vulnerabilities and a lack of wireless computer security best practices.

Researchers at the Mountain View, Calif.-based wireless security vendor conducted five-minute wireless vulnerability scans at 30 random locations in the financial districts of New York, Chicago, Boston, Wilmington, Del., Philadelphia, San Francisco and London. More than 3,600 wireless network access points were scanned near banks and stock exchanges.

Access points that were open or using weak WEP encryption made up 57% of the airspace scanned, putting them at risk for data leakage, according to the study. Almost 40% of those open or WEP-secured access points were enterprise grade. The rest were consumer or SOHO grade, which can't be centrally managed, AirTight executives said.

"A lot of best practices were simply being skipped," said Mike Baglietto, director of product marketing at AirTight Networks.

Twenty percent of the open wireless network access points were simply hiding their service set identifier (SSID) for security, he said. The SSID is a character sequence that names a wireless network.

"Open access points create a front door to your enterprise; hackers can gain access to your infrastructure and scan devices for vulnerabilities," Baglietto said. Researchers saw instances in which open access points leaked unencrypted packets attached to a financial internal network, he said.

"We're just using commonly available tools that you can download from the Internet," he added. "People with more sophisticated tools pose a bigger threat."

Also, researchers found that more than half of Wi-Fi clients were broadcasting SSIDs and 34% were willing to connect to free and highly insecure Wi-Fi.

"To me, this indicates that the major unsolved problem is risky user behavior and misconfigured clients," said Lisa Phifer, president of Core Competence Inc., a Chester Springs, Pa.-based consulting firm specializing in network and security technologies.

 
 
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