Bank's Biggest Exposure Is From Within

October 2005
Bank Technology News;Oct2005, Vol. 18 Issue 10, p1
Trade Publication
The article discusses the internal threats to banking institutions in the U.S. Industry researchers opine that security awareness and training to expose the threats within the institutions are lacking. It is particularly difficult to guard against internal security breaches with prevention strategies as it requires not only the deployment of expensive password and identity-management products but extensive investigation of employees and others who have access to sensitive information. The issue is further complicated when business partners and outsourcers are taken into consideration. Researchers recommend implementing user-provisioning products that facilitate the securing of accounts in the banks.


Related Articles

  • Financial Giants Join Anti-Phishing Project. Wolfe, Daniel // American Banker;10/7/2004, Vol. 169 Issue 194, p16 

    Reports on the Financial Services Technology Consortium's new Counter-Phishing Initiative. Number of financial services companies that will help the consortium in the evaluation of options for fighting fishing, which uses e-mail to obtain bank account numbers and passwords from customers;...

  • Everything's up but delinquencies.  // Banking;Aug76, Vol. 68 Issue 8, p50 

    Deals with the highlights of statistics on the use of bank cards by Americans. Participating banks; Rate of active accounts.

  • Will Aggregation Lure Masses? Don't Bet on It. McGrath, Tom // American Banker;6/30/2000, Vol. 165 Issue 126, p14 

    Comments on the customer adoption rate for account aggregation services offered by banks in the United States. Reasons cited by banks for entering the niche; Why such service will not be accepted by the public immediately.

  • Banks Stop Whining, Learn to Love Aggregation. Toonkel, Jessica // American Banker;9/9/2000, Vol. 165 Issue 173, p3A 

    Reports on the growing popularity of account aggregation in the banking industry in the United States in year 2000. Services provided by account aggregators; Major banks that have announced plans to work with aggregation companies; Factors driving the trend; Implications of the trend for consumers.

  • Marketing Separate Accounts to the Mass Affluent . QUITTNER, JEREMY // American Banker;1/7/2003, Vol. 168 Issue 4, p13 

    Reports that several banks in the U.S. are offering managed accounts program in their attempts to attract wealthy customers. Definition of managed accounts; Importance of managed accounts to banks; Decision of some banks to market managed accounts as an alternative to mutual funds.

  • THE IDEA EXCHANGE.  // ABA Banking Journal;Feb82, Vol. 74 Issue 2, p32 

    Reports the liability of depository institutions over the consumer's choice of accounts in the U.S. Advantage of doing business with a group of banks; Focus on the Individual Retirement Account; Determination of monthly and annual expenses of the consumers.

  • Big banks found stepping up marketing of `sweep' accounts. Crockett, Barton // American Banker;10/13/1994, Vol. 159 Issue 198, p11 

    Reports on the marketing of sweep accounts by banks and financial institutions in United States. Sweep accounts as a type of deposit accounts in which excess balance are swept into short-term investment; Marketing strategies used by banks in marketing sweep accounts; Use of sweep accounts;...

  • CORRECTION TO JUNE Q&A.  // ABA Banking Journal;Jul2014, Vol. 106 Issue 7, p38 

    A correction to a answer of a question concerning anti-tying laws published in the June 2014 issue of the periodical is presented.

  • Forests Flourish.  // Banking;Jun65, Vol. 57 Issue 12, p88 

    Focuses on the timber bank accounts in the United States in the 1960s. Effect of timber accounts on tree production.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics