April 30, 2014
Microsoft has acknowledged a security flaw in its Internet Explorer browser that could put online banking users at risk. Microsoft confirmed on Saturday that a security vulnerability exists in versions 6 through 11 of Internet Explorer, which is used by about one in four online consumers.
Microsoft describes the flaw as a remote code execution vulnerability. This means that a hacker who took advantage of the flaw could manipulate code from a remote server that fooled unsuspecting users into clicking on malicious links. Microsoft says it has so far seen “limited attacks” exploiting the vulnerability. The software company is working to quickly develop patches to fix this broken bit of code and push the fixes to all users of the affected browsers.
Unfortunately, if you are still using Windows XP, there will not be a fix. According to Forbes, approximately 25 percent of people still use Windows XP, and Microsoft ended tech support for XP earlier this month.
Until they get it fixed, here’s a couple things you can do to avoid falling victim to the security flaw:
- Change your browser – Until the security patch is in place, you can start using another browser, such as Firefox or Chrome.
- Run IE in “Enhanced Protected Mode” – Click here for instructions on how to do this.
You can get more information on the security flaw here. Please share this with your friends and family as soon as possible to avoid any problems.