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Financial services firms share security tactics
From: lyger <lyger () attrition org>
Date: Fri, 8 Dec 2006 01:59:26 -0500 (EST)
Courtesy InfoSecNews.org and WK: http://www.networkworld.com/news/2006/12706-finsec.html By Ellen Messmer Network World 12/07/06 Some of the top players in the financial services arena-- such as Visa, JPMorgan Chase and Experian International -- are expanding their tactics for preventing customer data loss. IT security managers convening at two interrelated conferences in New York this week said their firms are adopting both new network defenses and organizational structures to lower risk of a data breach. Some say the very survival of their businesses may be at stake, since news reports about incidents are leading to customer loss and million-dollar lawsuits. California was the first state to require public disclosure of a data breach, and now there are now about 30 other states and localities that do as well. When an event becomes public, the stock price tilts, theres brand damage and finally decreased revenues, said James Christiansen, chief information security officer at Experian International, speaking at the Summit on Preventing Data Leakage. [...] _______________________________________________ Dataloss Mailing List (dataloss () attrition org) http://attrition.org/dataloss Tracking more than 142 million compromised records in 495 incidents over 6 years.
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