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Regulators Call On Banks to Step-Up Security Measures In Response to Heartbleed Bug

Earlier this week the Heartbleed exploit - a fault in OpenSSL that could theoretically grant an attacker to access to confidential information in an affected system with just a simple network request- was discovered. OpenSSL is an used in fundamental security software by organizations and companies worldwide.

An alert sent by the Federal Financial Institutions Examination Council (FFIEC) informed banks Thursday instructing financial institutions  to make necessary upgrades to their security as soon as possible and incorporate patches on their systems using OpenSSL.

Banks relying on third party vendors were also encouraged to alert them of the security issue and encourage appropriate preventitive action.

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