If you run an old version of a browser you will more likely be subject of an attack, that’s a fact I think that we can all agree on. The latest browser versions are not as vulnerable as old versions, especially if you take into consideration that known vulnerabilities are much easier to exploit than finding new ones. So, if you do not run the latest version of your favorite browser you are a security risk.
That’s what PayPal (thanks Lee for the email) mentioned in a Whitepaper and I have to agree with it. There is virtually no reason why someone would still use Internet Explorer 3 or 4 to surf the Internet for example. Those browsers probably have so many known security holes and lack so many security features that it’s highly likely that the browser will get successfully attacked eventually.
This still does not take care of the user who is working with the computer which is in my opinion the greatest security risk of them all. I always like to say that if you do not understand basic security concepts, for instance the ability to differentiate between http and https websites, then you should not be doing security related stuff on the Internet including banking but also eBay, Amazon or PayPal.
The battle against Phishing is something that companies cannot win alone. Companies cannot do anything about a user who cannot differentiate between fake and original websites. Systems like Extended Validation SSL Certificates which highlight the address bar in green will surely help those users in the long run.
What should not happen though is the exclusion of a browser simply because it is being used by a smaller community. Say Safari for Mac. When I worked at one of the biggest German financial corporations I always had to tell Mac users that their browser was not officially supported. Security is not an excuse to lock out some users with more “exotic” browsers.
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