“A new report concludes that while financial institutions have taken significant steps to bolster cyber security efforts, they will continue to be challenged by the speed of technological change and the increasingly sophisticated nature of threats.”
Targeting banks is an easy process for the cyber criminal – it REALLY is where the money is. That is why the banking industry should be at the forefront of creating awareness in the cyber security arena.
Banks can do everything correct, the right technology, management and compliance. Right down to enforcing complicated passwords but all it takes is a user to become infected with a high end malicious application and it all goes right out the window.
Awareness of the dangers of the digital world needs to be enforced across all areas, this will create a personal cybersecurity envelope around all users.