Categories: News

AWS Cryptographic Encryption Vulnerability A Wake-up Call For Bitcoin Companies

Amazon Web Services is one of the most commonly used cloud platforms in the world. However, as it turns out, the custom encryption and authentication layer was not as secure as originally assumed. A potential weakness has been identified in a code library protecting AWS, despite passing three different external penetration tests.

Also read: 21 Bitcoin Computer Review

AWS Cryptographic Vulnerability Was a Serious Threat

Amazon’s TLS implementation was originally designed to be a more secure and less complex form of encrypting and authenticating Web sessions. This implementation, called s2n, is based on the vast OpenSSL library while containing less than 10% of the number of code lines in the library itself. While this was originally touted as a key security feature, it turns out it could be the downfall of AWS;

It took security researchers all of five days to discover the vulnerability in AWS’ s2n, and a report was presented to Amazon engineers. As it turns out, a TLS attack unveiled back in 2013 – called “Lucky 13” – can pose a serious threat to the cryptographic security layer protecting AWS.

If an assailant were to pull off this Lucky 13 attack against AWS, they would be able to recover encrypted browser cookies used to access restricted parts of a website. Luckily for all parties involved, Amazon engineers were on the ball to address the situation, and the vulnerability was patched rather quickly.

Even though this vulnerability is no longer a threat to this day, this story just goes to show how difficult it is to provide proper security layers. Even a company like Amazon, who can hire the best engineers and security experts in the world, can face major vulnerabilities when developing their security standard.

Related Post

There is nothing wrong with attempting to create a new implementation of an existing cryptographic security standard. Ensuring the entire layer is safe by conducting third-party audits and pen testing is the best approach to this concept. However, even those tests can fail to unveil a security threat. Even though most modern browsers and platforms are immune to Lucky 13 attacks to begin with, there is still a small portion of legacy systems that could pose a risk.

Cryptographic Security Is a Serious Matter To Bitcoin Companies

Knowing that even companies like Amazon can turn out to be vulnerable to these types of attack poses a serious question for Bitcoin companies. As these platforms are involved in protecting customer details and funds, it is of the utmost important to ensure the platforms are as secure as they possibly can be.

Most of the Bitcoin companies active today rely on cryptographic security, and this would be a good time to ensure their implementations are all working correctly and without flaws. Third-party audits are a good way to ensure security is working as intended, and we can only hope Bitcoin companies do everything they can to keep customer data and funds safe.

What are your thoughts on the story about AWS being vulnerable to such an outdated attack? Are you worried about Bitcoin companies not doing enough to provide optimum security? Let us know in the comments below!

Source: Ars Technica

Images credit 1,2,3

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

The Calculated Collapse of $TG: How a “Utility” Token Was Engineered for a Rug Pull

In the unpredictable world of cryptocurrency, new tokens launch daily, each one a shining beacon…

1 day ago

Staked Ethereum Hits Record High as Whale Accumulation Signals Bullish Long-Term Sentiment

Once more, Ethereum is commanding the spotlight as fresh figures indicate that the amount of…

1 day ago

Arbitrum Sees Surge in Protocol Revenue and EIP-7702 Adoption Following ArbOS 40 Upgrade

The ecosystem on Arbitrum keeps flaunting its robust foundations, with a steady incline in the…

1 day ago

Ethereum Whale Accumulation Surges as Long-Term Confidence Outweighs Short-Term Volatility

Once again, major market players are focusing on Ethereum. The whale activity surrounding the second-largest…

4 days ago

Week in AI: Fartcoin Steals the Spotlight Amid Market Turmoil

It has been a tumultuous week for the artificial intelligence sector in crypto. Sharp valuation…

5 days ago

BSC Foundation Resumes Strategic Accumulation: VIXBT, CAKE, LISTA, and MOOLAH Under Spotlight

Following a brief stint of dormancy, the BSC Foundation is back in action, reestablishing its strategic…

6 days ago