Hack attacks are becoming increasingly sophisticated, with over a third of banks and financial services companies reporting a security breach in the last year, according to a new survey. Of the 39 per cent who admitted their systems had been compromised, 16 per cent were due to external attacks, 10 per cent internal breaches and 13 per cent both, according to the 2003 Global Security Survey of worldwide financial services institutions by consultant Deloitte Touche Tohmatsu (DTT). Although this is the first year of the survey, Simon Owen, partner responsible for risk in financial services at DTT, said based on experience the figures represent an increase and explode the myth that the biggest threat to a company comes from employees. Full Story
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