October 6th, 2009 by ahoogThe warnings to banks and other corporations about the threat posed from insiders have been heralded for years. A recent study found that:
70 percent of financial institutions saying they have experienced a case of data theft by one of their employees in the past 12 months
This is obviously a huge deal. The article points out that the thefts occur most often with full-time employees who often had every intention of repaying the stolen assets.
The study also found that
nearly half of the banks in the Actimize survey say they are losing 1 to 4 percent of their total revenues to insider fraud
and the biggest challenges to meeting the threat are:
- cost/expense (67 percent),
- data availability/access (55.77 percent),
- availability of tools (46 percent),
- general resources/priorities (46 percent).
The good news for the banks and corporation is that we provide a very cost effective, innovative service which directly addresses this threat. Find out more by contacting us…it will make a difference at your bank or company.
via Bankers Gone Bad: Financial Crisis Making The Threat Worse – DarkReading.
