Most UK financial services firms have basic IT security flaws that could cause online banking services to become a “turkey shoot for hackers”. The banking sector came off worst in a survey of 600 network security tests by consultancy NTA Monitor across a broad range of large blue-chip firms. It found 94 per cent of financial organisations have basic router flaws that could cause online banking services to fail. The Vertical Market Security Report 2003 also found almost half of financial firms had firewall flaws. Worryingly, almost a third had at least 10 security flaws, greatly increasing their exposure to a malicious attack. And the picture has not improved since last year, which showed similar levels of security vulnerabilities in the sector. Full Story
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