Language Selection

English French German Italian Portuguese Spanish

Financial firms hit by internal attacks

Filed under
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."

Full Story.

More in Tux Machines

Fluxday: A no-fuss open source productivity tracker

It would have been easier if we already had an open source platform we could build on. Although we did manage to build it quickly without disrupting our main projects, other companies might find it easier to adopt an existing platform rather than allocate extra time towards building an in-house productivity management application. For that reason, we've made Fluxday an open source project. Read more

Solus Project to No Longer Offer a Release Schedule, Solus 1.2.1 Gets Delayed

Solus Project founder and architect Ikey Doherty announced on July 24, 2016, that the static release schedule for their Solus operating system is officially and completely dropped. Read more

Feral Interactive Ports Life Is Strange to Linux and Mac, Episode 1 Is Now Free

Feral Interactive has recently announced that they have managed to successfully port the popular, award-winning Life Is Strange game to GNU/Linux and Mac OS X operating systems. Read more

Introduction to Modularity

Modularity is an exciting, new initiative aimed at resolving the issue of diverging (and occasionally conflicting) lifecycles of different “components” within Fedora. A great example of a diverging and conflicting lifecycle is the Ruby on Rails (RoR) lifecycle, whereby Fedora stipulates that itself can only have one version of RoR at any point in time – but that doesn’t mean Fedora’s version of RoR won’t conflict with another version of RoR used in an application. Therefore, we want to avoid having “components”, like RoR, conflict with other existing components within Fedora. Read more