Security issues have long tantalized over 850 Million users that have Oracle's Java software installed on their computers. The worst thing is that the software was not secure for years, exposing millions of PCs to attack.

And for this reason, Oracle is now paying the price. Oracle has been accused by the US government of misleading consumers about the security of its Java software. Oracle is settling with the Federal Trade Commission over charges that it "deceived" its customers by failing to warn them about the security upgrades. Java is a software that comes pre-installed on many computers and helps them run web applications.

Vulnerabilities in Oracle PeopleSoft systems could be enabling data breaches at businesses, government organizations and universities.

Researchers have identified 549 Oracle PeopleSoft systems that are accessible via the internet, and observed that 231 of those systems are vulnerable to the TokenChpoken attack. The attack can ultimately be used to login under any account and gain full access to the PeopleSoft system, and it additionally opens the door for attacks against other systems and third-party data stores. One institution with PeopleSoft systems accessible via the internet is Harvard University, which announced an intrusion.