Fergie's Tech Blog

3 Out of 4 Financial Institutions Suffered External Breach in Past Year

Dan Kaplan writes on SC Magazine Online:

More than three out of every four of the world’s largest financial institutions experienced an external security breach in the past year, a dramatic increase over 2005, a new survey has revealed.

The fourth annual poll, released today by Deloitte Touche Tohmatsu, found that 78 percent of the world’s top 100 financial services organizations that responded to the survey confirmed a security breach from outside the organization, up from just 26 percent in 2005. The survey also learned that nearly half of the organizations experienced at least one internal breach, up from 35 percent in 2005.

Phishing and pharming were responsible for 51 percent of the external attacks, while spyware and malware accounted for 48 percent. Meanwhile, insider fraud was responsible for 28 percent of the internal breaches and customer data leaks were to blame for 18 percent.

posted by Fergie @ 6/14/2006 03:16:00 PM