Hackers Press the 'Schmooze' Button

    Date31 Oct 2011
    CategoryPrivacy
    2838
    Posted ByAlex
    As banks and other large companies spend large amounts of money on building firewalls and using complex technology to fortify their systems, it is often their own employees who are letting identity thieves in the door. The largest banks are expected to spend tens of billions of dollars on cybersecurity this year, an increase of as much as 15% over 2010, as they rush to comply with new rules that require them to strengthen customer-authentication procedures and beef up other fraud detection measures, said Avivah Litan, an analyst with Gartner Research. But the success of low-tech approaches such as Mr. Patten's shows that increased spending alone won't be enough to insulate the banks, which are chock full of valuable data.
    You are not authorised to post comments.

    LinuxSecurity Poll

    Has your email account ever been pwned in a data breach?

    No answer selected. Please try again.
    Please select either existing option or enter your own, however not both.
    Please select minimum 0 answer(s) and maximum 2 answer(s).
    /component/communitypolls/?task=poll.vote
    12
    radio
    [{"id":"53","title":"Yes","votes":"8","type":"x","order":"1","pct":88.89,"resources":[]},{"id":"54","title":"No","votes":"1","type":"x","order":"2","pct":11.11,"resources":[]}]["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"]["rgba(255,91,0,0.7)","rgba(74,192,242,0.7)","rgba(184,0,40,0.7)","rgba(238,246,108,0.7)","rgba(96,187,34,0.7)","rgba(185,106,154,0.7)","rgba(98,194,204,0.7)"]350
    bottom200

    We use cookies to provide and improve our services. By using our site, you consent to our Cookie Policy.