Quicken backdoor outed...
A Russian firm, ElcomSoft, is now selling a password recovery tool that helps you gain access to Quicken, Quicken Lawyer, and QuickBooks for only $99 for a commercial license.
ElcomSoft gained access to files encrypted by Quicken's software by discovering a backdoor that Quicken had placed in their software for password recovery scenarios.
ElcomSoft discovered that Quicken had implemented a 512-bit RSA key. After factorizing the key, ElcomSoft promptly moved forward with a solution that can instantly remove the passwords protecting Quicken files.
The result is, if placed in the wrong hands, this product could potentially open a number of customers to the exposure of very sensitive data to competitors and the public, alike.
Quicken has responded that they take this threat seriously and are working on resolving the issue.
Until they have provided a work around for the backdoor, make sure you keep a tight hold on any Quicken documents.
Michael Mongold
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