The holes in current and previous versions of the company’s database software could allow intruders to gain control of databases without needing a password or user authentication.
The flaws were identified by UK security firm Next Generation Security Software.
‘If they can get access they can own it and the data on it,’ said the firm’s managing director David Litchfield, speaking to the Wall Street Journal.
Litchfield said he has found as many as 34 flaws.
Oracle says it is working on patches to fix the flaws but has not released any time scales.
Big Four firm Deloitte has announced its investment in blockchain start-up SETL as well as a partnership with VTC Group
Clients and business advisers can now connect to small businesses through a Facebook Messenger chatbot service, provided by Xero
It has been another glittering night in the accountancy calendar. A range of practices big and small, plus outstanding individuals, have been rewarded for their efforts in the British Accountancy Awards 2016
Making Tax Digital responses to the consultations expected in January 2017