An Inside Job

Sometimes, the weakest link in terms of cybersecurity can come from within your own company, writes John Ginovsky in a recent article at Banking Exchange. He cites a recent report from research firm KPMG which says awareness of hacking incidents within banks is often a surprise to the higher-ups (12 per cent of banking CEO’s, 47 per cent of executive vice-presidents and managing directors, and 72 per cent of senior vice-presidents and directors were all unsure as to whether their banks had been hacked.)

Ginovsky also pointed to another KPMG report that said 65 per cent of the 750 cybercriminals investigated across 81 countries worked at the company that was hacked, and 38 per cent had been employed for at least six years.

This idea of an inside threat, says Ginovsky, is backed up by a study by Experian Data Breach Resolution and the Ponemon Institute, which concluded that some of the worst threats can include workers ignorant of dangers of and defenses against cybercrime.

 

Want to learn more about what the U.S. government is doing to fight cybercrime? Check out the livestream of the Cybersecurity, Infrastructure Protection and Security Technologies Subcommittee hearing on the Cybersecurity Act of 2015 today at 10:00 am. Click HERE to check out the livestream, overseen by a committee including Matthew J. Eggers, executive director of cybersecurity policy, National Security and Emergency Preparedness at the U.S. Chamber of Commerce, and Robert H. Mayer, vice president, industry and state affairs with the United States Telecom Association.

 

Sources:

http://www.bankingexchange.com/blogs-3/making-sense-of-it-all/item/6294-looking-for-cyber-culprits-check-the-corporate-directory

https://homeland.house.gov/hearing/cybersecurity-act-2015-industry-perspectives/