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Rating:Insiders May Be A Fund Company's Biggest Security Threat Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 07, 2007

Insiders May Be A Fund Company's Biggest Security Threat

Reported by Erin Kello

A new study warns financial services companies to be careful of who they trust.

Trusted insiders remain a "significant and largely unmonitored risk" at many financial institutions, says a new study by the Ponemon institute. The survey of counted reponses from 649 repondents in U.S and EMEA based business or govermantal organizations. Below is an excerpt of the findings;

The survey found that “trusted” insiders’ ability to compromise critical data is the most serious concern for respondent organizations. Despite this concern, fifty-seven percent of those surveyed do not believe that their organizations have taken adequate measures to protect against malicious insiders and fifty-percent do not believe that they have taken adequate measures to protect against “data loss.”

This may be of particular interest to those in the fund industry in light of the recent data and laptop from top fund companies. 

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