Threats to companies' information security are accelerating at a significantly faster pace than the security enhancements those organizations are making, according to a recent Ernst & Young survey. Seventy-seven percent of respondents indicated an increase in external threats, and nearly half (46%) said they have noticed an increase in internal vulnerabilities.
"The bad actors are leaping ahead, and there are more of them," says Chip Tsantes, a principal at Ernst & Young. And their motivations are different from what they were in the past.
"It's one thing when you were dealing with criminal networks who were looking for credit card numbers or to drain bank accounts," Tsantes says. "Now we have anonymous groups and certain nation states that are behind attacks against financial services companies, not for monetary gain but just to harass or try and get other information or disrupt the economy of the U.S." He adds that such groups are also targeting the defense, energy and telecommunications industries.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
