Ramblings & ephemera

Banks have more to fear from internal attacks than external

From electricnews.net’s Internal security attacks affecting banks (The Register: 23 June 2005):

Internal security breaches at the world’s banks are growing faster than external attacks, as institutions invest in technology, instead of employee training.

According to the 2005 Global Security Survey, published by Deloitte Touche Tohmatsu, 35 per cent of respondents said that they had encountered attacks from inside their organisation within the last 12 months, up from 14 per cent in 2004. In contrast, only 26 per cent confirmed external attacks, compared to 23 per cent in 2004. Click Here

The report, which surveyed senior security officers from the world’s top 100 financial institutions, found that incidences of phishing and pharming, two online scams which exploit human behaviour, are growing rapidly.

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