Insiders Increasingly Linked to Data Breaches in the Financial Sector

Friday Sep 16th 2011 by Staff

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.

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