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Hackers Bigger Threat Than Rogue Staff

Survey of financial firms finds 90 per cent of security breaches come from outside. Most security attacks on financial services organisations are coming from outside the company – not from employees as widely thought. Deloitte & Touche’s 2003 Global Security Survey examined the security at 80 Fortune 500 financial companies, and found that 90 per cent of security attacks are coming from external sources. “For as many years as I can remember, internal attacks have always been higher than external,” said Simon Owen, Deloitte & Touche partner responsible for technology risk in financial services. “Sixty to 70 per cent used to be internally sourced. But most attacks are now coming from external forces and that’s a marked change.” The report showed that 39 per cent of respondents experienced a security breach in the past year, and only 10 per cent of those were generated internally. Full Story

OODA Analyst

OODA Analyst

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