Computer industry heavyweights are hustling to fix a flaw in the foundation of the Internet that would let hackers control traffic on the World Wide Web.
Major software and hardware makers worked in secret for months to create a software “patch” released on Tuesday to repair the problem, which is in the way computers are routed to web page addresses.
“It’s a very fundamental issue with how the entire addressing scheme of the Internet works,” Securosis analyst Rich Mogul said in a media conference call.
“You’d have the Internet, but it wouldn’t be the Internet you expect. (Hackers) would control everything.”
The flaw would be a boon for “phishing” cons that involve leading people to imitation web pages of businesses such as bank or credit card companies to trick them into disclosing account numbers, passwords and other information. (link)