Financial services data loss caused by negligence and outsourcing

Posted by admin in Risk & Regs on Tue, 02/03/2010 - 16:30
  • Data losses at financial services firms owes less to malice and more to negligence and poor outsourcing contracts.
Data losses at financial services firms is mostly down to negligence and human error, according to new research by The Ponemon Institute.    According to a survey of senior staff with security responsibilities at 80 multinational financial services firms, insiders are cited by 75% of respondents as the main reason for data breaches, followed by outsourcing to  third parties, cited by 42% Malicious intent by insiders comes third, cited by 26% of those polled.    The report also found that while 60% of organisations have a

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What are your top business challenges today?

2009-08-12 15:53 - 3356 reads
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