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.
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses