Banking in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
Latest News
A Canadian Fee Crackdown + MORE Nov 7th
It has been a busy week for money rule makers – and recent changes could directly affect your wallet. The government has given the word on two controversial issues close to Canadian consumers – the introduction of the long-promised income splitting tax credit, and a reduction of credit .... More »
The best student credit cards in Canada for 2024 + MORE Aug 30th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
What to look for in a kids’ bank account Dec 9th
When your child is ready to graduate from piggy bank to real bank, you’ll want to look for an account that doesn’t eat into those initial deposits of loonies, toonies and birthday money with a bunch of bewildering fees. There are many options for your young saver that allow them to watch their m.... More »
Coronavirus: What's happening in Canada and around the world on Saturday - CBC.ca + MORE Apr 4th
Coronavirus: What's happening in Canada and around the world on Saturday CBC.caMilitary heading to Quebec, $100M coming for food banks: PM CTV NewsGST credit payments to low-income earners to arrive one month earlier National PostApril 4: ‘Justin Trudeau may have w.... More »
PlayStation is the latest to join the Facebook ad boycott - Engadget + MORE Jul 2nd
PlayStation is the latest to join the Facebook ad boycott EngadgetCanada's largest banks add names to Facebook boycott targeting racism | Venture Daily HiveZuckerberg: Advertisers will be back to Facebook 'soon enough' BBC NewsThe hate Facebook fosters destroys lives.... More »
The Heartbleed Bug: Should Online Banking Customers Worry?
– ratesupermarket.ca
You’ve likely seen today’s headlines regarding the Heartbleed Bug, an Internet security issue that targets private information shared over the web.
The bug makes vulnerable a version of Open Secure Socket Layer technology, a very common method used by an estimated two thirds of websites to protect users’ personal info such as passwords and transactional data.
How Does Heartbleed Work?
The discovery was made by a team from Internet security company Codenomicon. From their blog:
“The Heartbleed bug allows anyone on the Internet to read the memory of the systems protected by the vulnerable versions of the OpenSSL software. This compromises the secret keys used to identify the service providers and to encrypt the traffic, the names and passwords of the users and the actual content. This allows attackers to eavesdrop on communications, steal data directly from the services and users and to impersonate services and users.”
If you’ve ever submitted your credit card details or a password online, you’ve likely noticed a small lock icon appear in your browser bar and “HTTPS” preceding the web address…
