Sunday, March 11, 2007

RSS Security Threats With Financial Services

Web 2.0 technologies are penetrating deeper into the financial services sector as Enterprise 2.0 solutions, adding value to financial services. Analysts can leverage information sources to go beyond the obvious. Trading and Banking companies like Wells Fargo and E*Trade are developing their next generation technologies using Web 2.0 components; components that will be used in banking software, trading portals and other peripheral services. The true advantage of RSS components is to push information to the end user rather than pull it from the Internet. The financial industry estimates that 95% of information exists in non-RSS formats and could become a key strategic advantage if it can be converted into RSS format. Wells Fargo has already implemented systems on the ground and these have started to yield benefits. RSS comes with its own security issues that assume critical significance with regard to financial services. In this article we will see some of the security concerns around RSS security and attack vectors.

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