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Two Major OpenSSL Vulnerabilities Identified, Patch Coming Soon

Jp Buntinx
by Jp Buntinx
Last Updated: July 7, 2015 9:55 pm
·
Posted in Bitcoin, Bitcoin Breaking News Brief, Bitcoin Technology, News, News teaser, Technology
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Just last year, a major vulnerability in the OpenSSL protocol caused a lot of concern for internet traffic all around. Not only are nearly all sites protected by OpenSSL, but various web apps and other third-party platforms rely on this security standard as well. And even though heartbleed had been fixed for a while now, there are other vulnerabilities that need to be patched sooner rather than later.

Also read: Bitcoin is Transforming The Remittance Market Around The World

New OpenSSL Vulnerabilities To Be PatchedBitcoinist_OpenSSL Heartbleed

On Thursday – two days from the time of publication – a new version of OpenSSL will be released to the public that contains two major vulnerability patches. Considering the fact that most servers around the world rely on OpenSSL to provide SSL/TLS connections, these vulnerabilities need to be patched as soon as possible.

At this time, exact details regarding both security vulnerabilities remain undisclosed. However, what we do know is that the OpenSSL developers marked these flaws as “critical”, which indicates it could be on par with the Heartbleed vulnerability that was discovered late last year. Additionally, this “critical” priority could also indicate that malicious individuals have been exploiting these weaknesses in recent times.

The SSL library is not just used by websites and servers, but also by most Linux distributions and several major browsers. Just until last year, Google was relying on OpenSSL for both the Chrome browser and the Android mobile operating system. That situation came to a halt when Google developed their implementation of SSL, which is now present on all their platforms, software, and tools.

Taking into account this is the second time in a 18-month period during which OpenSSL is faced with major security threats, it looks like the time for a new standard is upon us. Last year’s Heartbleed vulnerability was the first sign of OpenSSL’s flaws and shortcomings, which was partially blamed on lackluster maintenance by the developers.

Strange Similarities To Bitcoin In A Way

It is important to note these new vulnerabilities are affecting all versions of OpenSSL, except for versions 1.0.0 and 0.9.8. Late last week, the Bitcoin network was on high alert from a string of invalid blocks being generated. Oddly enough, that issue only affected certain clients as well, and the matter was resolved swiftly once everyone upgraded their clients to the proper version.

What are your thoughts on yet another threat to OpenSSL? Let us know in the comments below!

Source: Tweakers (Dutch)

Images courtesy of Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Jp Buntinx

Jp Buntinx

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JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

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