RealNews

Financial institutions remain vulnerable to security breaches, says survey

Four in 10 financial institutions worldwide have suffered at least one security breach within the last year, new research has revealed. Nearly half (47%) of respondents to a survey by professional services firm Deloitte Touche Tohmatsu said that they had increased IT security staff levels over the last year. Eight in 10 firms planned to adopt public key infrastructure (PKI) technology within the next 18 months. Of the security technologies deployed antivirus technology was the most common (96%), followed by virtual private networks (86%) and intrusion detection systems (85%). In developed countries security typically accounts for between 6% and 8% of an organisation’s IT budget. The majority of firms surveyed had appointed a chief security officer, while 14% reported having more than one CSO. Full Story

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.