Web Hacker's Toolbox - Tools Used by Successful Hackers - Exploiting Race Conditions Case 1 (Part2)

The video tutorial explains how race conditions in web applications can be exploited to steal money by accepting multiple concurrent money transfer requests before the balance is updated. It highlights the non-deterministic nature of such attacks due to factors like network and machine performance. The tutorial also provides a countermeasure by ensuring that each transaction is completed and the balance updated before accepting new requests, thus preventing race conditions.

What is the main concept behind the multi-threaded attack described in the text?

Explain how the race condition allows an attacker to steal money from a bank.

What happens to the balance when multiple money transfer requests are accepted before the balance is updated?

Describe the conditions that lead to a race condition in the context of the money transfer requests.

What countermeasures can be implemented to prevent race conditions in financial transactions?

How does network performance impact the effectiveness of the attack described?

What is the significance of processing requests one at a time in preventing race conditions?