Major OpenSSL Security Flaw puts E-Commerce, most of the Internet in Jeopardy

It was revealed that there is a major flaw in the security of the WWW. No one really knows just how big this could really be but even Internet security firms are starting to show signs of anxiety.

The open-source software package known as OpenSSL that is widely used to secure Web communications through SSL/TLS encryption is reported to have a significant weak spot. This vulnerability could allow hackers to steal valuable information such as emails, instant messages, banking and e-commerce data as well as virtual private networks (VPNs).

In turn, this could have a negative impact on the Bitcoin economy and cryptocurrencies as a whole.

The Slovenia-based exchange, Bitstamp, has previously reported that it would shut down all transactions as a security precaution. The latest tweet from Bitstamp, however, shows that they are now back up and running.