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Financial firms hit by internal attacks

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Security

Financial services firms are facing more internal security breaches than external hacking and virus attacks, according to consultancy firm Deloitte.

Overall, the company's 2005 Global Security Survey found that security officers are doing a better job of defending their companies. Less than a third (28 per cent) of respondents experienced an IT security breach in the last 12 months, a fall of 55 per cent since last year.

Although finance companies have seen fewer external attacks, internal breaches more than doubled from 14 per cent last year to 35 per cent this year.

Mike Maddison, director of security services at Deloitte, said: "Financial institutions have dramatically reduced the number of external attacks by protecting themselves with antivirus software and content filtering, particularly at the perimeter of their networks.

"There's been an emphasis for some time on the never-ending battle to secure the corporate perimeter. As a result technological loopholes are being closed but the hackers' tactics have now shifted towards manipulating human behaviour as we've seen from the explosion in phishing attacks."

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Pandas in Beijing Zoo
Photo credit: Nick Hopkins

I am a Panda lover. I work as a support engineer in an I.T company here in the United Kingdom. Most of my spare time is spent watching different Panda videos -- both old and new videos. Basically, it is my therapy; a 'stress release' for me. I find them to be adorable and precious creatures. As a matter of fact, I would like to volunteer to come to Sichuan. I want to experience and feel what it's like to be a Panda keeper, to be able to interact with them for real. The Panda is China's National Treasure, so it's a shame to watch the Panda videos from Beijing zoo, as the place is disgusting and not ideal for Pandas to live in (and for sure for all the rest of the animals who unfortunately got stuck in this prison cell).

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