Web Security Group Challenges Verizon On Flaw

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By Douglas A. McIntyre Updated Published
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A web security group challenged Verizon (NYSE: VZ) on the security of encryption software it issued in 2005. The encryption is meant to keep financial data from being hacked.The Electronic Frontier Foundations (EFF) wrote,

We are writing to request that Verizon investigate the security and privacy implications of the SSL CA certificate (serial number 0x40003f1) that Cybertrust (now a division of Verizon) issued to Etisalat on the 19th of December, 2005, and evaluate whether this certificate should be revoked.

As you are aware, Etisalat is a telecommunications company headquartered in the United Arab Emirates. In July 2009, Etisalat issued a mislabeled firmware update to approximately 100,000 of its BlackBerry subscribers that contained malicious surveillance software. Research In Motion subsequently issued patches to remove this malicious code.

The group is concerned that recent pressure bought by the UAE to get encryption data from Research In Motion (NASDAQ: RIMM) could lead to exposure of the code to criminal or malicious parties.

In other words, Blackberry users around the world now have a reason to be paranoid about the security of the service and the messages and e-mails that they send through RIM servers.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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