NO TITLE

Banks: A veil of safety
Day One: Despite a lack of public information, sources say serious security breaches are clearly increasing as more banks and consumers do business online.


Let's face it, a bank is in the business of trust……The reason you go to a bank is because you trust them not only to give you a good rate of return on your money, but also to keep your money safe and secure, and to protect your privacy associated with your finances. Attacks on the electronic infrastructure are attacks on all three of those."

Often, the highest cost for financial institutions is not the loss of money directly from theft but the expense of fortifying their systems to avoid repeat intrusions. Security experts estimate that a bank can spend upward of $1 million on equipment and consulting after a single incident to repair flawed technologies, which can require far more vigilance than the surveillance cameras, alarms and guards used to secure physical branch offices.
Human error
De...