dcsimg

Insiders Increasingly Linked to Data Breaches in the Financial Sector

The average financial firm loses $800,000 per year because of data breaches committed by their employees.

ComputerWeekly: A new report from US Computer Emergency Response Team (CERT) finds that employees are increasingly responsible for data breaches at financial institutions. In fact, the average financial firm suffers $800,000 in losses due to breaches by managers, sales staff and other non-technical personnel. The report cited the poor economy as one reason why insiders are tempted to conduct these activities.

"Organisations are working hard to build walls around their network infrastructure to keep people out, but are having a difficult time defending against potential menaces that are already on the inside of the fence," said CERT chief scientist Gregory Shannon.




Tags: security


0 Comments (click to add your comment)
Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.





×
We have made updates to our Privacy Policy to reflect the implementation of the General Data Protection Regulation.